APPROVED CHAPTER
JULY 7, 2025 499
BY GOVERNOR PUBLIC LAW
STATE OF MAINE
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IN THE YEAR OF OUR LORD
TWO THOUSAND TWENTY-FIVE
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H.P. 1173 - L.D. 1755
An Act to Increase the Maine Historic Property Rehabilitation Tax Credit in
Rural Areas
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 36 MRSA §5219-BB, sub-§1, ¶E is enacted to read:
E. "Rural area" means an unorganized territory of the State or a municipality that has
a population of less than 12,500 inhabitants as determined by the United States
Department of Commerce, Bureau of the Census based on the latest decennial census
of the United States.
Sec. 2. 36 MRSA §5219-BB, sub-§10 is enacted to read:
10. Increased credit for certified qualified rehabilitation expenditures in rural
areas with housing component. For tax years beginning on or after January 1, 2025, the
credit allowed under this section is increased to 35% of certified qualified rehabilitation
expenditures for which a tax credit is claimed under Section 47 of the Code for a certified
historic structure located in a rural area of the State as long as not less than 33% of the
aggregate square feet of that structure constitutes apartments, dwellings or other living
accommodations. If the rehabilitation of the certified historic structure is also a certified
affordable housing project, then the credit allowed under this section is increased by a
further 10 percentage points.
Sec. 3. Application. This Act applies to tax years beginning on or after January 1,
2025.
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