An Act to Require a Corporation That Files a Tax Return in the State to File a Tax Disclosure Statement
Maine Legislature, Session 131, LD 1337
Committee Amendment CA_A_H868 (House)
Amends: 36 MRSA §5202-E

COMMITTEE AMENDMENT" A" to H.P. 851, L.D. 1337, "An Act to Require a 
Corporation That Files a Tax Return in the State to File a Tax Disclosure Statement" 
Amend the bill by striking out the title and substituting the following: 
'An Act to Require a Biennial Report on the Corporate Income Tax to the Joint 
Standing Committee Having Jurisdiction over Taxation Matters' 
Amend the bill by striking out everything after the enacting clause and inserting the 
following: 
'Sec. 1. 36 MRSA §5202-E is enacted to read: 
§5202-E. Report on corporate income tax data reporting 
1. Report. Beginning January 31, 2025 and biennially thereafter, the bureau shall, 
consistent with section 191, provide a report on corporate income tax to the joint standing 
committee of the Legislature having iurisdiction over taxation matters. The report must 
include the following: 
A. 
Of the 50 largest for-profit employers in the State as measured by payroll 
withholding, for which there is complete data, the number that paid zero state corporate 
income tax in the 4 most recent tax years or received a refunded portion of a refundable 
credit: 
B. The number of corporations that filed corporate income taxes that reported over 
$50,000,000, over $100,000,000, over $250,000,000 and over $1,000,000,000 in 
federal taxable income for the 2 previous tax years: 
C, For each income range identified in paragraph B: 
(1) The total income reported; 
(2) The total income apportioned to the State; and 
(3) The number of filers that reported zero or less total corporate income tax due 
for the 4 most recent tax years for which there is complete data; 
COMMITTEE AMENDMENT 
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COMMITTEE AMENDMENT "A "to H.P. 851, L.D. 1337 
D. The percentage of corporations that filed corporate income taxes doing business in 
the State that reported total corporate income tax due of zero or less for the 4 most 
recent tax years for which there is complete data; and 
E. The percentage of corporations that filed corporate income taxes doing business in 
the State that reported federal taxable income of greater than zero and reported total 
Maine corporate income tax due of zero or less for the 4 most recent tax years for which 
there is complete data: and 
F. The percentage of corporations that filed corporate income taxes doing business in 
the State that reported federal taxable income of greater than zero and reported zero 
income apportioned to the State of adjusted federal income. 
For the purposes of this section, "corporate" and "corporation" include C corporations and 
limited liability companies taxed as corporations in the State.' 
Amend the bill by relettering or renumbering any nonconsecutive Part letter or section 
number to read consecutively. 
SUMMARY 
This bill requires a biennial report from the Department of Administrative and 
Financial Services, Bureau of Revenue Services to the joint standing committee of the 
Legislature having jurisdiction over taxation matters regarding certain aggregate corporate 
income tax data. 
FISCAL NOTE REQUIRED 
(See attached) 
COMMITTEE AMENDMENT 
Approved: 03/ 15/24 :Wa<:!. 
LD 1337 
LR 1529(02) 
An Act to Require a Corporation That Files a Tax Return in the State to File a Tax Disclosure 
Statement 
Fiscal Detail and Notes 
Fiscal Note for Bill as Amended by Committee Amendment ''A" (H- -B~B) 
Committee: Taxation • 
Fiscal Note Required: Yes 
Fiscal Note 
Minor cost increase - General Fund 
Any additional costs to the Department of Administrative and Financial Services, Bureau of Revenue Services to 
provide a biennial report on corporate income tax data are expected to be minor and can be absorbed within existing 
budgeted resources. 
LR1529(02) - Fiscal Note - Page 1 of 1