Maine Revised Statutes Title 36 Sec. 199-C – Review
Current as of: 2023 | Check for updates
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The committee shall conduct the following reviews according to the following schedule. [PL 2001, c. 652, §7 (NEW).]
1. Odd-numbered years. During each odd-numbered year the committee may review the report required under section 199?B.
[PL 2001, c. 652, §7 (NEW).]
Terms Used In Maine Revised Statutes Title 36 Sec. 199-C
- Committee: means the joint standing committee of the Legislature having jurisdiction over taxation matters. See Maine Revised Statutes Title 36 Sec. 199-A
- 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
- 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. See Maine Revised Statutes Title 36 Sec. 199-A
- Taxpayer: means any person required to file a return under this Title or to pay, withhold and pay over or collect and pay over any tax imposed by this Title. See Maine Revised Statutes Title 36 Sec. 111
- Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72
2. Even-numbered years. During each even-numbered year the committee may review current issues of tax policy.
A. During each second regular session, the committee shall identify areas of tax policy for review during the period between the end of the second regular session and the first regular session of the next Legislature. [PL 2001, c. 652, §7 (NEW).]
B. The committee may review:
(1) Issues of tax policy related to tax expenditures identified in its review under subsection 1;
(2) Issues related to the overall structure of the State’s tax laws and the relative tax burdens on various classes of taxpayers;
(3) The impact of the State’s tax structure on taxpayer behavior, including incentives and disincentives to reside or locate businesses in the State;
(4) Issues identified by the committee that require more detailed review than is possible during a regular session of the Legislature; or
(5) Any other tax policy issue identified by the committee as needing legislative review. [PL 2001, c. 652, §7 (NEW).]
[PL 2001, c. 652, §7 (NEW).]
3. Specific tax expenditure review.
[PL 2021, c. 635, Pt. H, §12 (RP).]
4. Review of aviation tax expenditure. The committee, by June 30, 2023, shall review the sales tax exemption under section 1760, subsection 88?A to determine whether the exemption provides an incentive for increasing investment in the aviation sector, attracting and retaining aviation business and basing aircraft in the State.
[PL 2013, c. 379, §1 (AMD).]
SECTION HISTORY
PL 2001, c. 652, §7 (NEW). PL 2011, c. 665, §6 (AMD). PL 2013, c. 368, Pt. VVVV, §1 (AMD). PL 2013, c. 379, §1 (AMD). PL 2015, c. 328, §2 (AMD). PL 2021, c. 181, Pt. A, §3 (AMD). PL 2021, c. 635, Pt. H, §12 (AMD).