Maine Revenue Services Proposes Amendments to Controlling Interest Transfers Rule

Maine Revenue Services proposed amendments to the rule governing controlling interest transfers for real estate transfer tax purposes. The amendments remove references to repealed tax rates following 2025 legislation, clarify provisions relating to the administration of the tax for multi-transfer transactions involving persons acting in concert, and update definitions, including “adjusted assessed value” and “certified ratio.” Comments on the proposed rules are due June 5. [Me. Revenue Servs., Proposed Reg. Section 18-125-207, 05/06/26]