Crypto Law Profile
Maine LD 1475 would have created a 10-member commission to study taxation of digital assets, including cryptocurrency and NFTs. The measure was reported Ought Not to Pass and placed in Legislative Files (DEAD) on May 21,...
Maine LD 1475 / HP 967, titled Resolve, to Establish the Commission to Study the Taxation of Digital Assets, was a 2025 Maine proposal to create a temporary study commission focused on digital asset taxation. As of June 9, 2026, the measure is not active law: Maine’s bill status page lists a final disposition of “Ought Not to Pass Pursuant To Joint Rule 310” on May 21, 2025, and the LawMakerWeb action history states that the resolve was placed in the Legislative Files (DEAD) that same day. The proposal therefore has no enacted or effective date.
LD 1475 would have established the Commission on Taxation of Digital Assets to examine possible tax policies for digital assets in Maine. The printed bill text specifically referenced cryptocurrency and nonfungible tokens, and it directed the commission to review approaches used in other states before recommending possible Maine policy options. The official subject record categorized the measure under sales and use tax, items taxed, and digital assets.
The proposal was framed as a study mechanism rather than an immediate tax rule. It did not itself impose a new digital asset tax, create a digital asset reporting form, or amend Maine’s income, sales, or use tax code. Instead, it would have created a legislative fact-finding body able to deliver findings, recommendations and suggested legislation to the Joint Standing Committee on Taxation.
The printed resolve proposed a 10-member commission appointed by the President of the Senate and the Speaker of the House. Senate appointments would have included two Taxation Committee senators, one member with taxation expertise, one with economics expertise and one with cryptocurrency expertise. House appointments would have included two Taxation Committee representatives, two business-community members, and one member from a statewide nonprofit organization with taxation expertise.
Representative Grayson Lookner of Portland presented LD 1475 in the House on April 3, 2025. The resolve was referred to the Joint Standing Committee on Taxation, and the Senate concurred on April 8, 2025. Committee records show a May 7 work session that was tabled, followed by a May 15 work session and Ought Not to Pass vote. The committee reported the measure out as ONTP on May 20, and the Senate’s final action placed it in the Legislative Files as dead on May 21, 2025.
Because LD 1475 did not advance, its proposed future steps did not become operative. If enacted, the commission would have had to submit its report by December 3, 2025, after which the Joint Standing Committee on Taxation could have submitted related legislation to the Second Regular Session of the 132nd Legislature. The resolve also included a funding condition: the commission could seek outside contributions, but no meetings or expenses would be authorized if sufficient funding had not been received within 30 days after the resolve’s effective date.
The Maine proposal is relevant to digital asset policy tracking because it shows how state legislatures may approach crypto taxation through study commissions before adopting substantive rules. The measure covered both cryptocurrency and NFTs, and it included a definition of “nonfungible token” tied to blockchain-recorded identifiers used to certify authenticity, ownership and related rights in a digital asset. For CryptoSlate taxonomy purposes, the measure is best classified as an inactive state bill focused on taxation and reporting, with related NFT and digital asset policy implications.
This profile is for legal-reference tracking only and does not provide legal, tax, investment or compliance advice.
LD 1475 would have created a Commission on Taxation of Digital Assets to study Maine tax policy options for digital assets.
The commission would include members appointed by Senate and House leaders, including legislators and tax, economics, crypto, business and nonprofit tax experts.
Duties included reviewing possible tax policies, comparing other states, evaluating benefits and recommending approaches for Maine digital asset taxation.
The text defined a nonfungible token as a unique blockchain-recorded digital identifier used to certify authenticity, ownership and related rights.
The commission would have submitted findings, recommendations and suggested legislation to the Joint Standing Committee on Taxation by Dec. 3, 2025.
Outside funding would be subject to Legislative Council approval; without sufficient contributions, no meetings or expenses would be authorized.
Presented by Rep. Lookner; Taxation Committee reference suggested and ordered printed.
Senate referred the resolve to the Joint Standing Committee on Taxation in concurrence.
Taxation Committee work session was held and tabled.
Taxation Committee held a work session and voted Ought Not to Pass.
Latest committee action reported the measure out Ought Not to Pass.
Senate action placed the resolve in Legislative Files (DEAD) under Joint Rule 310.3.
Joint Standing Committee on Taxation, Maine Legislative Council, Maine Legislature, Rep. Grayson Lookner
Cryptocurrency, Digital assets, Non-fungible tokens
This profile tracks an unenacted Maine resolve. Maine’s official status uses “DEAD”; the import taxonomy maps that inactive status to Expired because the controlled status vocabulary has no “Dead” or “Failed” term.
