Bill
Bill > LD1337
ME LD1337
An Act to Require a Biennial Report on the Corporate Income Tax to the Joint Standing Committee Having Jurisdiction over Taxation Matters
summary
Introduced
03/28/2023
03/28/2023
In Committee
03/28/2023
03/28/2023
Crossed Over
03/28/2024
03/28/2024
Passed
04/01/2024
04/01/2024
Dead
Signed/Enacted/Adopted
04/16/2024
04/16/2024
Introduced Session
131st Legislature
Bill Summary
An Act to Require a Biennial Report on the Corporate Income Tax to the Joint Standing Committee Having Jurisdiction over Taxation Matters
AI Summary
This bill requires the Maine Bureau of Revenue Services to provide a biennial report to the legislative committee overseeing taxation matters. The report must include information on the 50 largest for-profit employers in the state that paid zero state corporate income tax or received a refunded portion of a refundable credit in the past 4 tax years. It must also provide data on the number of corporations that reported various levels of federal taxable income, the total income reported and apportioned to the state, and the number and percentage of corporations that reported zero or less total corporate income tax due or zero income apportioned to the state. This data is intended to provide lawmakers with information on corporate income tax filings and payments in Maine.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Enacted, Apr 16, 2024 (on 04/16/2024)
bill text
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bill summary
Document Type | Source Location |
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State Bill Page | https://legislature.maine.gov/legis/bills/display_ps.asp?LD=1337&snum=131 |
Fiscal Note: | https://legislature.maine.gov/legis/bills/bills_131st/fiscalpdfs/FN133703.pdf |
BillText | https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP0851&item=3&snum=131 |
House: C-A (H-868) | https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP0851&item=2&snum=131 |
Fiscal Note: C-A (H-868) | https://legislature.maine.gov/legis/bills/bills_131st/fiscalpdfs/FN133702.pdf |
BillText | https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP0851&item=1&snum=131 |
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