Maine 2023-2024 Regular Session

Maine Senate Bill LD786

Introduced
2/28/23  
Refer
2/28/23  

Caption

Resolve, Directing the Department of Professional and Financial Regulation to Study Financial Incentives for Plumbing and Electrical Contractor Services

Impact

Should the recommendations from the study lead to substantial legislative measures, this bill could significantly impact state laws regarding how plumbing and electrical services are delivered. The exploration of tax incentives aims to alleviate some financial burdens on contractors, which could translate to lower costs for consumers and increased access to essential services. This initiative aligns with broader economic development goals, potentially fostering a healthier marketplace for both contractors and residents looking for affordable solutions.

Summary

LD786 is a legislative resolution directing the Department of Professional and Financial Regulation to study the implementation of financial incentives for plumbing and electrical contractors. The purpose of the bill is to explore ways to encourage these contractors to undertake more small jobs for consumers, thereby potentially enhancing service availability in the community. The study may consider various forms of financial incentives, including tax reductions on payroll, excise sales, and state income, among other fees. The department is expected to report its findings by December 6, 2023, to inform future legislative actions.

Sentiment

The sentiment around LD786 appears to be cautiously optimistic, as stakeholders recognize the potential benefits of encouraging contractors to take on more small jobs. Supporters may view this as a proactive step in addressing service gaps and enhancing local employment opportunities. However, there may also be concerns about whether the financial incentives will be sufficient to motivate contractors and how such policies would be structured to ensure equitable access for consumers.

Contention

One notable point of contention may arise regarding the types of financial incentives that should be prioritized in the study. Different stakeholders, such as contractors, consumers, and policymakers, may have varying perspectives on which incentives would be most effective or equitable. Additionally, there could be debates over budget allocations for these incentives and concerns about potential impacts on state revenue. As such, the outcome of the study and its recommendations are likely to be closely scrutinized.

Companion Bills

No companion bills found.

Previously Filed As

ME LD1506

Resolve, Directing the Department of Health and Human Services to Study the Scarcity of Licensed Clinical Behavioral Health Professionals Across the State

ME LD2265

An Act to Implement Recommendations Resulting from the State Government Evaluation Act Review of the Department of Professional and Financial Regulation

ME AB1864

Financial institutions: regulation: Department of Financial Protection and Innovation.

ME LD927

Resolve, Directing the Commissioner of Professional and Financial Regulation to Conduct an Independent Assessment Regarding a Proposal to License Genetic Counselors

ME SB819

Financial institutions: regulation: Department of Financial Protection and Innovation.

ME HB243

AN ACT relating to review of financial incentives.

ME LD103

Resolve, Directing the Maine Children's Cabinet Early Childhood Advisory Council to Study Incentives for the Provision of Child Care in Maine

ME SB625

Low-to-Moderate Income Solar Financial Incentives Fund and Program; financial incentives.

ME LD1678

Resolve, Directing the Department of Agriculture, Conservation and Forestry to Study and Report on Soil Carbon Sequestration Incentive Programs

ME LD374

Resolve, Regarding Legislative Review of Chapter 12: Transportation of Human Remains, a Major Substantive Rule of the Department of Professional and Financial Regulation, Maine State Board of Funeral Service

Similar Bills

No similar bills found.