Environment
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
StateMaineIntroduced
LD 1506: An Act To Amend The Personal Property Tax Exemption For Individually Owned Personal Property
Randall Greenwood
LD 1506 status: Introduced — Died in Possession of the Senate when the Legislature adjourned Sine Die and was PLACED IN THE LEGISLATIVE FILES. (DEAD) (updated Apr 29, 2026).
Source
OpenStates
Confidence
Low
Analysis basis
OpenStates summary
01
What this bill does
Official summary alongside an AI-generated read on where it stands and why.
Overall Score
50OUT OF 100
Score:50/100 civic fit — mixed
Risk:Low Risk
Impact:Moderate Impact 45/100
Constitutionality90%
Bipartisan50%
Public opinion50%
Bill summary
What changes
The bill sought to modify the criteria for personal property tax exemptions for individually owned personal property.
Who is affected
Individual property owners, tradespeople, small business owners, and municipal tax departments.
Requirements and enforcement
Taxpayers would need to verify the new classification of their assets according to amended standards.
Costs and funding
The bill would result in a loss of municipal tax revenue and potential administrative transition costs.
When it takes effect
The bill is dead and was placed in legislative files.
Potential benefits
Potential for reduced tax burden on individuals and clearer rules regarding taxable assets.
Risks and tradeoffs
Potential loss of local municipal revenue and potential burden-shifting to other taxpayers.
What is still unknown
The specific items included or excluded from the definition of 'personal property' and the precise fiscal impact on towns.
02
Impact analysis
✦ AI analysisModeled effects across six domains, estimated from bill text and comparable legislation.
Economy
Mixed / Neutral
50%
Benefits
- Potential tax relief for individuals
- Improved clarity on asset taxability
- Lower compliance costs for taxpayers
Risks
- Potential loss of municipal tax revenue
- Potential tax shifts to other property owners
- Administrative costs for municipal reassessments
Society
Mixed / Neutral
50%
Benefits
- Financial support for individual workers
- Reduced administrative burden for citizens
- Equity for small-scale equipment owners
Risks
- Funding pressure on local municipal services
- Potential for burden shifting to residents
- Inequitable application across local jurisdictions
Technology Industry
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
Civic Accountability
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
Public Health & Safety
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
03
How trustworthy & consequential it is
Sourcing already shown above, this is what the analysis found worth flagging.
Source
OpenStates
Official bill text or data from OpenStates.
Confidence
Low
Information is limited or incomplete.
Analysis basis
OpenStates summary
Source used for this bill's analysis.
Source note
Fiscal impact to municipalities is unspecified.
Analysis scope
Source provided is a summary abstract only.
04
Where it stands
Official record- IntroducedCurrent
- CommitteeUpcoming
- Chamber votesUpcoming
- Final agreementUpcoming
- GovernorUpcoming
- EnactedUpcoming
05
How it affects your district
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06
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