ME LD1889

Creates a refundable tax credit equal to 40% of eligible barn restoration costs exceeding $25,000, effective for tax years beginning January 1, 2026

Eligible barns must be residential outbuildings originally constructed for farm storage, livestock housing, or equipment storage, and used for noncommercial purposes

Maximum refundable credit is $400,000 per tax year, with unused credits carried forward up to 4 years and a lifetime cap of $1,600,000 per eligible barn

Directs the Department of Economic and Community Development to establish a barn preservation incentive program to administer eligibility

Requires annual reporting to the Legislature by March 1, 2028 on credit usage, including barn locations, investment amounts, and credits claimed