Bill
Bill > LD1147
summary
Introduced
03/16/2023
03/16/2023
In Committee
03/16/2023
03/16/2023
Crossed Over
Passed
Dead
05/02/2023
05/02/2023
Introduced Session
131st Legislature
Bill Summary
This bill exempts from Maine income tax the capital gains and ordinary income resulting from the sale or transfer of gold or silver coins or bullion.
AI Summary
This bill exempts from Maine income tax the capital gains and ordinary income resulting from the sale or transfer of gold or silver coins or bullion. The bill amends the Maine Revised Statutes to enact a new provision that allows taxpayers to deduct such income from their Maine taxable income for tax years beginning on or after January 1, 2023.
Committee Categories
Budget and Finance
Sponsors (10)
Eric Brakey (R)*,
Ben Hymes (R),
Laurel Libby (R),
Marianne Moore (R),
Joshua Morris (R),
Caleb Ness (R),
Kim Pomerleau (R),
Shelley Rudnicki (R),
Jeff Timberlake (R),
Joseph Underwood (R),
Last Action
Ought Not to Pass Pursuant To Joint Rule 310, May 2, 2023 (on 05/02/2023)
Bill Topics
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://legislature.maine.gov/legis/bills/display_ps.asp?LD=1147&snum=131 | 03/09/2023 |
| BillText | https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0474&item=1&snum=131 | 03/09/2023 |
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