– LD 1894 An Act to Establish a Home Heating Income Tax Deduction

An Act to Establish a Home Heating Income Tax Deduction

Be it enacted by the People of the State of Maine as follows:

Sec. 1.  36 MRSA §5122, sub-§2, ¶AAA is enacted to read:

AAA.  For taxable years beginning on or after January 1, 2023, the costs incurred for electricity, oil, wood or other fuel used to heat the taxpayer’s primary residence, which must be located in this State.

SUMMARY

This bill allows an individual taxpayer an income tax deduction for costs incurred by the taxpayer for electricity, oil, wood or other fuel used to heat the taxpayer’s primary residence located in this State.

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