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LD1739

An Act to Authorize a General Fund Bond Issue to Support Maine's Agricultural Sector, to Create an Agricultural Buildings Property Tax Exemption and to Direct the Department of Agriculture, Conservation and Forestry to Study Barriers to Its Financial Assistance Programs and Study the Potential for a Common Application for Those Programs

Failed·4/29/26
Tpdf Text

Authorizes a $55.6 million bond issue to support Maine's agricultural sector and create a property tax exemption for certain agricultural buildings.

This bill authorizes a $55.6 million bond issue to support Maine's agricultural sector. The bond proceeds will fund various agricultural programs, including the Maine Agriculture, Food and Forest Products Investment Fund, the Dairy Improvement Fund, the Agricultural Marketing Loan Fund, and the Dirigo Business Incentives Program. The bill also establishes a property tax exemption for certain agricultural buildings, effective from April 1, 2026.

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  • Core Provisions
  • Implementation
  • Impact
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  • Critical Issues

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Sponsors

DII
3
3
RRR
Democratic CaucusRepublican Caucus

Calendar

May 13, 2025

3:00 PM

Hearing

History

Apr 29

House

The Bill was in the possession of the Committee on Appropriations and Financial Affairs when the Legislature adjourned Sine Die and was placed in the Legislative Files. (DEAD)

Jun 25, 2025

Joint

Carry Over Approved

Jun 25, 2025

House

Carried over, in the same posture, to any special or regular session of the 132nd Legislature, pursuant to Joint Order SP 800.