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132nd MAINE LEGISLATURE
FIRST SPECIAL SESSION-2025
Legislative Document No. 1275H.P. 850House of Representatives, March 25, 2025
An Act to Promote the Production of Natural Resources
Bioproducts by Amending the Renewable Chemicals Tax Credit
Reference to the Committee on Taxation suggested and ordered printed.
ROBERT B. HUNT
Clerk
Presented by Representative SAYRE of Kennebunk. Page 1 - 132LR1864(01)
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2 as amended by PL 2021, c. 181, Pt. A, §13,
3 is further amended to read:
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5 the State who has complied with subsection 5 and the rules adopted under that subsection
6 is allowed a credit against the tax imposed by this Part on income derived during the taxable
7 year from the production of renewable chemicals in the amount of 8¢ per pound of
8 renewable chemical produced in the State as long as the taxpayer demonstrates to the
9 Department of Economic and Community Development that at least 75% of the employees
10 of the contractors hired or retained to harvest renewable biomass used in the production of
11 the renewable chemicals meet the eligibility conditions specified in the Employment
12 Security Law.
13 If the taxpayer does not contract directly with those hired or retained to harvest the
14 renewable biomass, the taxpayer may obtain the necessary documentation under this
15 subsection from the landowner or other entity that contracts directly.
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17 This bill amends the law governing the renewable chemicals tax credit to remove the
18 requirement that the taxpayer must demonstrate to the Department of Economic and
19 Community Development that at least 75% of the employees of the contractors hired or
20 retained to harvest renewable biomass used in the production of renewable chemicals meet
21 the eligibility conditions specified in the Employment Security Law.
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