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ME LD819
Bill
Status
6/25/2025
Primary Sponsor
Eleanor Sato
Click for details
AI Summary
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Battery storage systems now qualify as "qualified property" under Maine's Business Equipment Tax Exemption (BETE) program
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Battery storage systems also eligible for reimbursement under the Business Equipment Tax Reimbursement (BETR) program
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Eligibility requires either: more than 50% of electrical output serves load behind the utility meter where located, OR a fully executed interconnection agreement with a transmission and distribution utility by January 1, 2025
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"Battery storage system" defined as commercially available technology using mechanical, chemical, or thermal processes to absorb and store energy for later use, including lithium-ion batteries
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Applies to property tax years beginning on or after April 1, 2026; signed into law July 1, 2025 as Public Law Chapter 467
Legislative Description
An Act to Clarify the Status of Energy Storage Systems with Regard to the Business Equipment Tax Exemption and the Business Equipment Tax Reimbursement Program
Property Tax
Last Action
PASSED TO BE ENACTED in concurrence.
6/25/2025