An Act To
Maine Legislature, Session 128, LD 1805
Committee Amendment CA_B_S440 (Senate)

COMMITTEE AMENDMENT "B" to S.P. 676, L.D. 1805, Bill, "An Act To 
Amend the Maine Tax Laws" 
Amend the bill by striking out all of Part A and inserting the following: 
'PART A 
Sec. A-1. 36 :MRSA §1759, as amended by PL 2007, c. 627, §46, is further 
amended to read: 
§1759. Bonds 
Either as a condition for issuance or subsequent to the issuance of a registration 
certificate under section 1754-B, 1756 or 1951-B. the State Tax Assessor may require 
from a taxpayer a bond written by a surety company qualified to do business in this State, 
in an amount and upon conditions to be determined by the assessor. In lieu of a bond the 
assessor may accept a deposit of money or securities in an amount and of a kind 
acceptable to the assessor. The deposit must be delivered to the Treasurer of State, who 
shall safely keep it subject to the instructions of the assessor.' 
Amend the bill in Part D in section 4 in subsection 4 in paragraph B in the last line 
(page 8, line 20 in L.D.) by inserting after the following: "taxpayer" the following: '~ 
which must be stated separately' 
Amend the bill in Part G in section 1 by striking out all of paragraph SS (page 10, 
lines 10 to 14 in L.D.) and inserting the following: 
'SS. The disclosure of information to the Finance Authority of Maine necessary for 
the administration of the new markets capital investment credit in sections 2533 and 
5219-HH and to the CollHllissioner of A.dministrative and Financial Services as 
necessary for the execution of the memorandum of agreement pursuant to section 
5219 RH. subsection 3;' 
COMMITTEE AMENDMENT 
• C',. 
.• ·, (A "' 
,,, j' 
COMMITTEE AMENDMENT ·e "to S.P. 676, L.D. 1805 
SUMMARY 
This amendment removes Part A of the bill because its provisions are addressed in 
separate legislation. It substitutes a separate provision clarifying that the State Tax 
Assessor may require a bond from a taxpayer as a condition of sales tax registration 
whether the registration is made under the Maine Revised Statutes, Title 36, section 
1754-B or 1756 or under section 1951-B, which was enacted during the First Regular 
Session of the 128th Legislature. The amendment also provides that a report from the 
State Tax Assessor to the joint standing committee of the Legislature having jurisdiction 
over taxation matters regarding the new major business headquarters expansion credit 
must separately state the amount of lost revenue attributable to credits used to reduce tax 
liability and the amount attributable to refundable credits. Finally, the amendment makes 
a technical correction to the bill preserving a necessary statutory cross-reference. 
FISCAL NOTE REQUIRED 
(See attached) 
COMMITTEE AMENDMENT 
Fiscal Detail and Notes 
• 
' 
' 
Approved: 03/22/18 ;t,;,ac:. 
LD 1805 
LR2771(02) 
An Act To Amend the Maine Tax Laws 
Fiscal Note for Bill as Amended by Committee Amendment ~· l 'S -1./~ b) 
Committee: Taxation 
Fiscal Note Required: Yes 
Fiscal Note 
Minor net revenue impact - General Fund 
The provisions of this legislation could affect revenue in minor amounts not requiring any change to the budget. 
LR2771(02) - Fiscal Note - Page 1 of 1