Bill > LD1107

This bill proposes to establish a working group to support efforts to evaluate tax expenditures, which are tax breaks, deductions, credits, and exemptions that reduce government revenue. While the provided bill text is a concept draft with minimal details, the government summary indicates the intention to create a collaborative group focused on analyzing and assessing the effectiveness of various tax expenditures. Tax expenditure evaluation is a process of reviewing and understanding the financial impact and policy goals of different tax incentives and special tax provisions. By creating this working group, the bill aims to provide a structured approach to examining how these tax provisions affect state revenue, economic development, and specific policy objectives. However, the specific composition, duties, and scope of the working group are not detailed in the current draft, suggesting that further legislative development would be needed to define the group's exact responsibilities and membership.

Budget and Finance

https://legislature.maine.gov/legis/bills/display_ps.asp?LD=1107&snum=132