An Act Creating and
Maine Legislature, Session 132, LD 0756
Committee Amendment CA_A_S354 (Senate)

COMMITTEE AMENDMENT "A 
II to S.P. 271, L.D. 756, "An Act Creating and 
Sustaining Jobs Through the Development of Cooperatives and . Employee-owned 
Businesses by Providing Tax Deductions for Certain Qualified Business Activities" 
Amend the bill by striking out all of sections 1 and 2. 
Amend the bill in section 3 in paragraph AAA in subparagraph (5) in the first line (pag~ 
2, line 7 in L.D.) by striking out the following: "A producer
and inserting the following: 
'An agl'icultural1 
Amend the bill in section 4 in paragraph BBB in subparagraph (2) in division (a) in 
subdivision (v) in the first line (page 2, line 39 in L.D.) by stl'iking out the following: 
11A 
producer
and insetting the following: 'An agricultural'· 
Amend the bill in section 4 in paragraph BBB by inserting after division ( c) the 
following: 
'As used in this paragraph, "qualified business acquisition loan" means a loan extended 
by the ownership entity as an element of the trnnsfer of its ownership interest pursuant 
to paragraph AAA.' 
Amend the bill in section 5 in paragraph JJ in subpar~graph (5) in the first line (page 
3, line 19 in L.D.) by stl'iking out the following: 
11A producer" and insetting the following: 
'An agl'icultural' 
Amend the bill in section 6 in paragraph KK in subparagraph (2) in division (a) in 
subdivision (v) in the first line (page 4, line 12 in L.D.) by striking out the following: "A 
producer" and inserting the following: 'An agricultural' 
Amend the bill in section 6 in paragraph KK by inse1ting after division (c) the 
following: 
'As used in this paragraph, "qualified business acquisition loan" means a loan extended 
by the ownership entity as an element of the transfer of its ownership interest pursuant 
to section 5122, subsection 2, paragraph AAA.' 
Page I - 132LR1667(02) 
COMMITTEE AMENDMENT 
o'?:> 
~l 
l 1 
COMMITTEE AMENDMENT"/+ "to S.P. 271, L.D. 756 { 0 654 ~ 
Amend the bill by striking out all of sections 7 and 8. 
Amend the bill in section IO in subsection 16-B in paragraph A in subparagraph (5) in 
the first line (page 5, line 23 in L.D.) by striking out the following: 
11A producer" and 
inse1iing the following: 'An agricultural' 
Amend the bill in section l O in subsection 16-B by inserting after paragrnph C the 
following: 
1As used in this paragraph, 
11qualified business acquisition loan" means a loan extended 
by the ownership entity as an element of the transfer of its ownership interest pursuant 
to section 5122, subsection 2, paragraph AAA.' 
Amend the bill by insetting after section 11 the following: 
'Sec. 12. Appropriations and allocations. The following appropriations and 
allocations are made. 
ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF 
Revenue Services, Bureau of 0002 
Initiative: Provides one-time funding for computer programming costs. 
GENERAL FUND 
2025-26 
All Other 
$104,760 
GENERAL FUND TOTAL 
$104,760 
2026-27 
$0 
$0 
Amend the bill by relettering or renumbering any nonconsecutive Pa1t letter or section 
number to read consecutively. 
SUMMARY 
The amendment eliminates the establishment of the Maine Employee Ownership 
Center proposed in the bill. The amendment clarifies that the deduction to the seller for the 
transfer of a business ownership interest to certain employee and consumer organizations 
includes agricultural cooperatives. The amendment clarifies that the exemption for earned 
interest from purchase money loans on the sale of a business ownership interest includes 
agricultural cooperatives. 
FISCAL NOTE REQUIRED 
(See attached) 
COMMITTEE AMENDMENT 
Approved: 06/0 l/25 1-RL-
LD756 
LR 1667(02) 
Au Act Creating and Sustaining Jobs Through the Development of Cooperatives and Employee-owned 
Businesses by Providing Tax Deductions for Ce1·tain Qualified Business Activities 
Fiscal Note for Bill as Amended by Committee Amendment ''A'[ 5-354' 
Committee: Taxation 
-, ) 
Net Cost (Savings) 
General Fund 
:..ppropriations/Allocations 
General Fund 
Revenue 
General Fund 
Other Special Revenue Funds 
Fiscal Detail and Notes 
Fiscal Note Required: Yes 
Fiscal Note 
FY 2025-26 
$608,260 
$104,760 
($503,500) 
($26,500) 
FY 2026-27 
$522,500 
$0 
($522,500) 
($27,500) 
Projections 
FY 2027-28 
$551,000 
$0 
($551,000) 
($29,000) 
Projections 
FY2028-29 
$570,000 
$0 
($570,000) 
($30,000) 
This bill includes a revettue decrease to the General Fund of $503,500 in fiscal year 2025-26 and $522,500 in fiscal 
year 2026-27 by providing tax deductions for certain qualified business activities beginning on tax years on or after 
January 1, 2025. The bill also includes a revenue decrease to the Local Government Fund of $26,500 in fiscal year 
2025-26 and $27,500 in fiscal year 2026-27. 
The bill includes a one-time General Fund appropriation to the Bureau of Revenue Services within the Depa1tment of 
Administrative and Financial Services of $104,760 in fiscal year 2025-26 to fund computer programming costs 
associated with the provisions of this bill. 
LR! 667(02) - Fiscal Note " Page I of 1