LD 341 (subjects: INCOME TAX , CORPORATIONS )
Official bill page at mainelegislature.org: http://www.mainelegislature.org/legis/bills/display_ps.asp?ld=341&PID=1456&snum=127
- Rep. Matt Moonen of Portland: (D – District 38) — e-mail | Twitter | Facebook
Rep. Peter Stuckey of Portland: (D – District 42) — e-mail
Rep. Denise Tepler of Topsham: (D – District 54) — e-mail | Twitter | Facebook
Rep. Robert Alley of Beals: (D – District 138) — e-mail
Rep. Stephen Stanley of Medway: (D – District 143) — e-mail
Sen. David Miramant of Knox: (D – District 12) — e-mail | Twitter | Facebook
Sen. Nathan Libby of Androscoggin: (D – District 21) — e-mail | Twitter | Facebook
Sen. Anne Haskell of Cumberland: (D – District 28) — e-mail | Facebook
Sen. Linda Valentino of York: (D – District 31) — e-mail | Twitter | Facebook
|2/10/2015||House||Committee on Taxation suggested and ordered printed.
The Bill was REFERRED to the Committee on TAXATION.
Sent for concurrence. ORDERED SENT FORTHWITH.
|2/12/2015||Senate||On motion by Senator McCormick of Kennebec, REFERRED to the Committee on Taxation, in concurrence.|
Representative GOODE of Bangor moved to ACCEPT the Minority Ought to Pass as Amended Report.
On further motion of the same Representative TABLED pending his motion to ACCEPT the Minority Ought to Pass as Amended Report.
Later today assigned.
|5/21/2015||House||Speaker laid before the House
Subsequently, the Minority Ought to Pass as Amended Report was ACCEPTED.
ROLL CALL NO. 90
(Yeas 81 – Nays 67 – Absent 3 – Excused 0)
The Bill was READ ONCE.
Committee Amendment “A” (H-97) was READ and ADOPTED.
Under suspension of the rules, the Bill was given its SECOND READING without REFERENCE to the Committee on Bills in the Second Reading.
The Bill was PASSED TO BE ENGROSSED as Amended by Committee Amendment “A” (H-97).
Sent for concurrence. ORDERED SENT FORTHWITH.
On motion by Senator McCORMICK of Kennebec the Majority Ought Not to Pass Report ACCEPTED, , in NON-CONCURRENCE.
Roll Call Ordered Roll Call # 88 19 Yeas – 15 Nays- 1 Excused – 0 Absent PREVAILED
Ordered sent down forthwith for concurrence.
|5/27/2015||House||The House INSISTED on ACCEPTANCE of the Minority Ought to Pass as Amended Report and PASSAGE TO BE ENGROSSED as Amended by Committee Amendment “A” (H-97).
ORDERED SENT FORTHWITH.
|5/28/2015||Senate||On Motion by McCORMICK of Kennebec The Senate INSISTED To ACCEPTANCE of the Majority OUGHT NOT TO PASS Report , in NON-CONCURRENCE.
Placed in Legislative Files (DEAD).
An Act To Prevent Tax Haven Abuse
Sec. 1. 36 MRSA 5200, sub- 5, as enacted by PL 2005, c. 457, Pt. FFF, 1 and affected by 2, is repealed and the following enacted in its place:
Sec. 2. Rules. The State Tax Assessor shall adopt rules to determine the income or loss for a corporation that is a member of a unitary group that is not otherwise required to file a consolidated federal return and to prevent double taxation or double deduction of any amount included in the computation of net income under the Maine Revised Statutes, Title 36, section 5200, subsection 5. Rules adopted pursuant to this section are major substantive rules as described in Title 5, chapter 375, subchapter 2-A.
Sec. 3. Application. This Act applies to tax years beginning on or after January 1, 2016.
This bill requires corporations that file unitary income tax returns in Maine to include income from certain jurisdictions outside the United States in net income when apportioning income among tax jurisdictions. The State Tax Assessor is required to adopt major substantive rules to determine the income or loss attributable to such corporations and to prevent double taxation or deduction of income.
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This information about LD 341 was last updated on 2016-05-12.
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