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Maine AFL-CIO

Legislative Scorecard

LD1879 - Corporate Taxes

(2026)

An Act to Support Maine’s Agricultural Economy by Increasing Revenue from the Corporate Income Tax and Providing Property Tax Exemptions

LD1879 bill text Maine AFL-CIO Supported

Sponsored by Representative Bill Pluecker (U-Warren)

What is the bill?

Corporate profits have hit record highs. Meanwhile, big multinational corporations continue to take advantage of loopholes and accounting schemes, like sheltering profits in offshore tax havens, to avoid paying taxes. This bill would have raised Maine’s corporate tax rate on profits over $3.5 million from 8.93 percent to 10 percent, generating $50 million annually to support agriculture and vital services. It targeted large corporations, not small businesses.

What happened?

Defeated

Votes

Senate

18 Pro-labor 16 Anti-labor

House

81 Pro-labor 63 Anti-labor