An Act to Authorize a General Fund Bond Issue to Support Maine's Agricultural Sector, to Create an Agricultural Buildings Property Tax Exemption and to Direct the Department of Agriculture, Conservation and Forestry to Study Barriers to Its Financial Assistance Programs and Study the Potential for a Common Application for Those Programs

This bill proposes a $55.6 million bond issue to support Maine's agricultural sector, which would need voter approval. It also creates a property tax exemption for certain agricultural buildings constructed or reconstructed after January 1, 2026, lasting up to 10 years. Additionally, the bill directs the Department of Agriculture, Conservation and Forestry to study ways to improve access to its financial assistance programs for farmers and food producers, including the potential for a common application.

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