Governor signs legislation to expand sales tax exemption for nonprofit housing developers
AUGUSTA - Gov. Janet Mills recently signed into law a bill sponsored by Rep. Traci Gere, D-Kennebunkport, that will expand the current sales tax exemption for nonprofit housing developers.
LD 1732 will amend the exemption to allow nonprofit developers to serve households with incomes up to 120% of the area median income as defined by the U.S. Department of Housing and Urban Development, an increase from the current threshold of 80%.