Loading chat...

ME LD1630

Bill

Status

Failed

5/20/2025

Primary Sponsor

Daniel Sayre

Click for details

Origin

House of Representatives

132nd Legislature

AI Summary

  • Increases the base property tax reduction for all open space land from 20% to 45%, while reducing the additional reduction for permanently protected open space from 30% to 25%

  • Creates two new qualifying categories for an additional 25% tax reduction: land with an approved wildlife habitat management plan and land with a forest climate resilience and carbon management plan

  • Eliminates the "forever wild" open space category and the "managed forest" open space category as separate tax reduction classifications

  • Adds "managing woodland for climate resilience or forest carbon storage and sequestration" as a new qualifying purpose for open space land designation

  • Exempts 501(c)(3) nonprofit organizations from the 15,000-acre limit on open space classification applications

Legislative Description

An Act to Amend the Open Space Tax Law

Property Tax

Last Action

Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)

5/20/2025

Committee Referrals

Taxation4/11/2025

Full Bill Text

No bill text available