Bill > LD1491

This bill establishes a Working Group to Study Consolidation of Payment of Cost-of-living Tax Credits. The working group is tasked with making recommendations to the legislature on the most efficient and effective means to consolidate the application and payment of various tax credits that assist Maine taxpayers with basic living expenses, such as the sales tax fairness credit, the property tax fairness credit, and the credits for child care and adult dependent care expenses. The group will explore ways to streamline the application process, determine the best method for making a single consolidated payment, and review potential schedules for making these periodic advance payments. The group's findings and any suggested legislation will be submitted to the Joint Standing Committees on Taxation and Appropriations and Financial Affairs by February 1, 2020.

Budget and Finance

http://legislature.maine.gov/legis/bills/display_ps.asp?LD=1491&snum=129