ME LD936

Establishes a simplified 5% annual excise tax on mining companies' gross proceeds from metallic mineral mining in Maine, replacing the previous multi-tiered tax structure

Distributes mining excise tax revenue with 75% deposited into the Mining Excise Tax Trust Fund and 25% deposited into the General Fund

Extends sales tax exemptions and refunds for depreciable machinery, equipment, electricity, and fuel to commercial mining operations, effective for purchases made on or after January 1, 2026

Adds new reporting requirement for the Mining Excise Tax Trust Fund Board to report to legislative committees within 90 days of any incident requiring emergency expenditure of funds

Expands authorized uses of the Mining Excise Tax Trust Fund to include restoration of lands, geographic and topological features, and soils