An Act to Make
Maine Legislature, Session 132, LD 2116
Committee Amendment CA_A_H917 (House)
Amends: 36 MRSA §5219-W

COMMITTEE AMENDMENT " ^ to H.P. 1431, L,D. 2116, "An Act to Make
Permanent the Affordable Housing Income Tax Credit"
Amend the bill by striking out the title and substituting the following;
'An Act to Extend the Sunset Date of the Affordable Housing Income Tax Credit'
Amend the bill by striking out everythmg after the enacting clause and inserting the
following;
'See. 1. 36 MRSA §5219-WW, sub-§3, as enacted by PL 2019, c. 555, §6, is
amended to read;
3, MEaximum credit; carry-fonvard. The total credit amount available pursuant to
this section and section 2534 to be allocated by the authority for each calendar year
beginning on or after January 1, 202 1 and ending on or before December 31, 20S8 203 6 is
subj ect to the following limitations.
A. The total allocation may not exceed $10,000,000, Any portion of that amount not
allocated in a calendar year may be carried forward and available to be allocated m
subsequent calendar years, except that;
(1) Any previously allocated credits returned to the authority, excluding any
credits recaptured under subsection 7, must be added to that amount; and
(2) The authority may not allocate more than $15,000,000 in any calendar year.
B. No more than 20% of credits allocated in any calendar year may be allocated under
subsection 2, paragraph B.
C, Ten percent of credits first available to be allocated in any calendar year must be
set aside to be allocated for the purpose of qualified rural development preservation
projects pursuant to subsection 2, paragraph B, Any portion of the amount under this
paragraph not allocated in a calendar year must be earned forward and be available to
be allocated in subsequent calendar years for the purpose of qualified rural
development preservation projects, To the extent that any amounts set aside under this
COMMITTEE AMENDMENT
ROS
COMMITTEE AMENDMENT " A^to H.P, 1431, L.D, 2116
paragraph are not allocated on or before December 3 1,3028 203 6, those amounts may
be allocated by the authority without regard to whether the project is a qualified rural
development preservation project,
D, Only those credits that have been carried forward or returned, excluding any credits
recaptured under subsection 7, as described in this subsection may be allocated by the
authority after December 3 1,2028 2036,'
Amend the bill by relettering or renumbering any nonconsecutive Part letter or section
number to read consecutively,
SUMMARY
This amendment replaces the bill, changes the title and extends the sunset date for the
affordable housing income tax credit to December 3 1,2036,
FISCAL NOTE REQUIRED
(See attached)
COMMITTEE AMENDMENT
Approved: 03/20/26
t-RL
LD 2116 LR 2737(02)
An Act to Make Permanent the Affordable Housing Income Tax Credit
Fiscal Note for Bill as Amended by Committee Amendment
Committee: Taxation
Fiscal Note Required: Yes
"K(^^
Fiscal Note
Future biennium revenue decrease - General Fund
Fiscal Detail and Notes
The bill extends the current law sunset date for the affordable housing income tax credit from December 31, 2028 to
December 31, 2036, This will result in a decrease to future year General Fund revenue of an estimated $10 million per
year when compared to that assumed under current law,
LR2737(02) - Fiscal Note - Page 1 of 1