Maine Revised Statutes Title 36 Sec. 6601 – 2010 Tax Receivables Reduction Initiatives established
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Terms Used In Maine Revised Statutes Title 36 Sec. 6601
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- 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
There are established the 2010 Tax Receivables Reduction Initiatives, referred to in this chapter as “the initiatives” and consisting of 2 separate initiatives, referred to in this chapter as “the short-term initiative” and “the 5-year initiative.” The initiatives are intended to encourage delinquent taxpayers to pay existing tax obligations. The goal of the initiatives is to raise revenue during fiscal year 2010-11 and to reduce existing tax receivables. [PL 2009, c. 571, Pt. HH, §1 (NEW).]
SECTION HISTORY
PL 2009, c. 571, Pt. HH, §1 (NEW).