This bill provides a 5-year moratorium beginning January 1, 2026 and ending December 31, 2031 on the levy of Maine income tax for a resident individual or a corporation that sells or leases new residential housing occupied by the purchaser or that leases new residential housing occupied by the lessee. The bill defines "new residential housing" to mean a residential unit that at least half of the square footage of which has not been occupied in the 12 months prior to its sale or lease and includes single-family and multi-unit residential housing, mobile homes and manufactured housing.