On April 24, 2025, the Maine State Legislature introduced House Bill 2438, aimed at regulating the registration and taxation of antique and classic aircraft. The bill seeks to clarify the conditions under which these aircraft can be classified as collector's items, thereby exempting them from standard taxation and registration fees, provided they are not used for commercial purposes.

Key provisions of House Bill 2438 include the requirement for owners to submit an electronic attestation or sworn affidavit to the commissioner, affirming that their aircraft is solely a collector's item. This affidavit must include specific details about the aircraft, such as its make, model, and registration number, along with a $25 fee. If the aircraft is operated for purposes beyond being a collector's item, the registration certificate becomes void, and the owner must then comply with standard taxation and registration requirements.

The bill has sparked notable discussions among lawmakers, particularly regarding its implications for aircraft owners and the potential loss of tax revenue for the state. Proponents argue that the bill will encourage the preservation of historical aircraft and support hobbyists, while opponents express concerns about the potential for misuse and the impact on state finances.

Economically, the bill could foster a niche market for antique aircraft, potentially benefiting related industries such as restoration and maintenance services. Socially, it may enhance community engagement among aviation enthusiasts and collectors.

As the bill progresses through the legislative process, its future remains uncertain. Stakeholders are closely monitoring debates, with some experts suggesting that amendments may be necessary to address concerns about enforcement and compliance. The bill is set to take effect on August 1, 2025, should it pass through the legislature.