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LD 1493

An Act To Eliminate Tax And Wage Incentives For Visual Media Production Companies

132nd Legislature (2025-2026) Introduced by Cheryl Golek and 5 co-sponsors

The law limits corporate use of Maine’s visual media production credit by barring wage reimbursement for corporate ads and internally used media.

Became Law without Governor's Signature
#credits #incometax #mediaproduction
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Bill Summary · LD 1493

Summary — LD 1493: An Act To Eliminate Tax And Wage Incentives for Visual Media Production Companies

Status: Became law without the Governor’s signature (enacted 2025-06-24)
Introduced: 2025-04-08
Final enacted title (engrossed): An Act to Limit Corporate Use of the Visual Media Production Credit
Committee: Taxation

Purpose / Intent

LD 1493 restricts corporate access to Maine’s visual media production tax incentives by removing or narrowing the circumstances under which corporate-produced advertising and internally used media may claim wage reimbursement (a component of the visual media production credit). The change is described in committee and engrossed materials as limiting corporate use of the visual media production credit.

Key provisions

  • Prohibits advertisements and internally used corporate media from claiming visual media wage reimbursement (the wage-reimbursement portion of the visual media production credit).
  • The enacted bill (as amended by Committee Amendment “A” (S-313)) focuses specifically on limiting corporate eligibility rather than eliminating all credits for the industry.
  • No other substantive changes (e.g., dollar caps, expiration dates) are described in the available fiscal notes.

Who is affected

  • Primary: Corporations that produce advertisements and internal corporate media that previously could claim wage reimbursement under the visual media production credit.
  • Secondary: Visual media production companies that produce corporate ads or internal media for corporate clients; other sectors of the state visual media industry to the extent they worked on corporate projects claiming credits.
  • State and local governments: modest fiscal effects described below.

Fiscal impact

(From certified fiscal notes for the engrossed/amended bill)
- Ongoing revenue increase to the General Fund: $4,750 per fiscal year (FY 2025-26 and ongoing).
- Ongoing revenue increase to the Local Government Fund (Other Special Revenue Funds): $250 per fiscal year (FY 2025-26 and ongoing).
- Fiscal notes attribute these amounts to prohibiting certain corporate uses of wage reimbursement claims under the visual media credit.

Legislative and procedural timeline

  • Referred to Taxation Committee: 2025-04-08.
  • Committee work session and reported out “OTP-AM” with Committee Amendment A (S-313): May–June 2025.
  • Passed by the Legislature (concurrence) in early June 2025.
  • Became law without the Governor’s signature: 2025-06-24.

Notes / limitations

  • Available documents focus on the specific prohibition of claims by advertisements and internally used corporate media; they do not indicate broader elimination of all visual media incentives or provide additional technical changes.
  • The fiscal effect is very small, reflecting a narrow scope of the change.
  • The bill as enacted is titled and treated as a limitation on corporate use of the visual media production credit rather than a wholesale repeal of the credit program.

Compiled from official sources — confirm details with the bill’s official record.

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