summary
Introduced
03/05/2025
03/05/2025
In Committee
03/05/2025
03/05/2025
Crossed Over
Passed
Dead
Introduced Session
132nd Legislature
Bill Summary
This bill is a concept draft pursuant to Joint Rule 208. This bill proposes to promote investment in the development of housing in this State by offering tax abatements to corporate entities that donate to community development financial institutions that support housing development in this State.
AI Summary
This bill proposes to encourage investment in building new housing within the state by providing tax breaks, known as tax abatements, to corporations that contribute money to community development financial institutions (CDFIs). CDFIs are organizations that provide financial services and support to underserved communities, and in this context, they would be specifically supporting housing development projects. The goal is to incentivize corporate giving towards initiatives that help increase the availability of housing.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Voted: OTP-AM (on 03/03/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.maine.gov/legis/bills/display_ps.asp?LD=916&snum=132 |
| Fiscal Note: Text | https://legislature.maine.gov/legis/bills/bills_132nd/fiscalpdfs/FN091601.pdf |
| BillText | https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP0581&item=1&snum=132 |
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