APPROVED CHAPTER
APRIL 27, 2022 671
BY GOVERNOR PUBLIC LAW
STATE OF MAINE
_____
IN THE YEAR OF OUR LORD
TWO THOUSAND TWENTY-ONE
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S.P. 90 - L.D. 201
An Act To Reduce Greenhouse Gas Emissions and Promote Weatherization
in the Buildings Sector by Extending the Sunset Date for the Historic
Property Rehabilitation Tax Credit
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 30-A MRSA §4722, sub-§1, ¶DD, as amended by PL 2019, c. 659, Pt. J,
§1, is further amended by amending subparagraph (4) to read:
(4) Annually by every August 1st until and including August 1, 2025 2030, the
Maine State Housing Authority shall review the report issued pursuant to Title 27,
section 511, subsection 5, paragraph A to determine the percentage of the total
aggregate square feet of completed projects that constitutes new affordable
housing, rehabilitated and developed using:
(a) Either of the income tax credits under Title 36, section 5219‑BB,
subsection 2; and
(b) The income tax credit increase under Title 36, section 5219‑BB, subsection
3.
If the total aggregate square feet of new affordable housing does not equal or
exceed 30% of the total aggregate square feet of rehabilitated and developed
completed projects eligible for a credit under Title 36, section 5219‑BB, the Maine
State Housing Authority and Maine Historic Preservation Commission shall notify
the State Tax Assessor of this fact;
Sec. 2. 36 MRSA §5219-BB, sub-§1, ¶C, as amended by PL 2019, c. 659, Pt. J,
§2, is further amended to read:
C. "Certified qualified rehabilitation expenditure" means a qualified rehabilitation
expenditure, as defined by the Code, Section 47(c)(2), made on or after January 1, 2008
with respect to a certified historic structure, if:
(1) For credits claimed under subsection 2, paragraph A, the United States
Department of the Interior, National Park Service issues a determination on or
before December 31, 2025 2030 that the proposed rehabilitation of that structure
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 meets the Secretary of the Interior's standards for rehabilitation, with or without
conditions; or
(2) For credits claimed under subsection 2, paragraph B, the Maine Historic
Preservation Commission issues a determination on or before December 31, 2025
2030 that the proposed rehabilitation of that structure meets the Secretary of the
Interior's standards for rehabilitation, with or without conditions.
For purposes of subsection 2, paragraph B, qualified rehabilitation expenditures
incurred in the certified rehabilitation of a certified historic structure located in the
State do not include a requirement that the certified historic structure be substantially
rehabilitated.
Sec. 3. Legislation. The Joint Standing Committee on Taxation may report out a
bill to the Second Regular Session of the 130th Legislature related to the tax credit for the
rehabilitation of historic properties established in the Maine Revised Statutes, Title 36,
section 5219-BB.
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Statutes affected:
Bill Text LD 201, SP 90: 36.5219
Bill Text ACTPUB , Chapter 671: 30-A.4722, 36.5219