Maine Revised Statutes Title 36 Sec. 199-A – Definitions
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As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 2001, c. 652, §7 (NEW).]
1. Committee. “Committee” means the joint standing committee of the Legislature having jurisdiction over taxation matters.
[PL 2001, c. 652, §7 (NEW).]
Terms Used In Maine Revised Statutes Title 36 Sec. 199-A
- Committee: means the joint standing committee of the Legislature having jurisdiction over taxation matters. See Maine Revised Statutes Title 36 Sec. 199-A
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Tax: means the total amount required to be paid, withheld and paid over or collected and paid over with respect to estimated or actual tax liability under this Title, any credit or reimbursement allowed or paid pursuant to this Title that is recoverable by the assessor and any amount assessed by the assessor pursuant to this Title, including any interest or penalties provided by law. See Maine Revised Statutes Title 36 Sec. 111
2. Tax expenditure. “Tax expenditure” means any provision of state law that results in the reduction of tax revenue due to special exclusions, exemptions, deductions, credits, preferential rates or deferral of tax liability.
[PL 2001, c. 652, §7 (NEW).]
SECTION HISTORY
PL 2001, c. 652, §7 (NEW).