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USA Statutes : maine
Title : Title 36. TAXATION
Chapter : Chapter 10. TAX EXPENDITURE REVIEW (HEADING. PL 2001, c. 652, @7 (new))
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Title 36 - §199-A. Definitions
Title 36: TAXATION
Part 1: GENERAL PROVISIONS
Chapter 10: TAX EXPENDITURE REVIEW (HEADING: PL 2001, c. 652, @7 (new))
§199-A. Definitions
As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings.
[2001, c. 652, §7 (new).]
1. Committee. "Committee" means the joint standing committee of the Legislature having jurisdiction over taxation matters.
[2001, c. 652, §7 (new).]
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.
[2001, c. 652, §7 (new).]
The Revisor's Office cannot provide legal advice or
interpretation of Maine law to the public. If you need legal
advice, please consult
a qualified attorney.
Office of the Revisor of Statutes
7 State House Station
State House Room 108
Augusta, Maine 04333-0007
This page created on: 2005-10-01
Title 36 - §199-B. Report
Title 36: TAXATION
Part 1: GENERAL PROVISIONS
Chapter 10: TAX EXPENDITURE REVIEW (HEADING: PL 2001, c. 652, @7 (new))
§199-B. Report
1. Report. The bureau shall submit a report regarding tax expenditures to the committee by January 5th of each odd-numbered year.
The report must contain:
A. A summary of each tax expenditure in the laws administered by the bureau;
[2001, c. 652, §7 (new).]
B. A description of the purpose and background of the tax expenditure and the groups likely to benefit from the tax expenditure;
[2001, c. 652, §7 (new).]
C. An estimate of the cost of the tax expenditure for the current biennium;
[2001, c. 652, §7 (new).]
D. Any issues regarding tax expenditures that need to be considered by the Legislature; and
[2001, c. 652, §7 (new).]
E. Any recommendation regarding the amendment, repeal or replacement of the tax expenditure.
[2001, c. 652, §7 (new).]
[2001, c. 652, §7 (new).]
The Revisor's Office cannot provide legal advice or
interpretation of Maine law to the public. If you need legal
advice, please consult
a qualified attorney.
Office of the Revisor of Statutes
7 State House Station
State House Room 108
Augusta, Maine 04333-0007
This page created on: 2005-10-01
Title 36 - §199-C. Review
Title 36: TAXATION
Part 1: GENERAL PROVISIONS
Chapter 10: TAX EXPENDITURE REVIEW (HEADING: PL 2001, c. 652, @7 (new))
§199-C. Review
The committee shall conduct the following reviews according to the following schedule.
[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.
[2001, c. 652, §7 (new).]
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.
[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.
[2001, c. 652, §7 (new).]
[2001, c. 652, §7 (new).]
The Revisor's Office cannot provide legal advice or
interpretation of Maine law to the public. If you need legal
advice, please consult
a qualified attorney.
Office of the Revisor of Statutes
7 State House Station
State House Room 108
Augusta, Maine 04333-0007
This page created on: 2005-10-01
Title 36 - §199-D. Report
Title 36: TAXATION
Part 1: GENERAL PROVISIONS
Chapter 10: TAX EXPENDITURE REVIEW (HEADING: PL 2001, c. 652, @7 (new))
§199-D. Report
The committee shall notify the Legislature of the results of each review conducted under section 199-C and may issue a report
of its findings and recommendations. The committee may report to the Legislature any legislation necessary to implement recommendations
resulting from the review conducted under section 199-C.
[2001, c. 652, §7 (new).]
The Revisor's Office cannot provide legal advice or
interpretation of Maine law to the public. If you need legal
advice, please consult
a qualified attorney.
Office of the Revisor of Statutes
7 State House Station
State House Room 108
Augusta, Maine 04333-0007
This page created on: 2005-10-01
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