Resolve, to Establish the Commission to Study the Taxation of
Maine Legislature, Session 132, LD 1475
Committee: Taxation
Sponsors: LOOKNER, TIPPING

Legislative Document
No. 1475
H.P. 967
House of Representatives, April 3, 2025
Resolve, to Establish the Commission to Study the Taxation of 
Digital Assets
Reference to the Committee on Taxation suggested and ordered printed.
ROBERT B. HUNT
Clerk
Presented by Representative LOOKNER of Portland.
Cosponsored by Senator TIPPING of Penobscot and
Representatives: FAIRCLOTH of Bangor, GOLEK of Harpswell, MACIAS of Topsham, 
MASTRACCIO of Sanford, MATLACK of St. George, OSHER of Orono, SAYRE of 
Kennebunk, SKOLD of Portland.
Sec. 1.  Commission established. Resolved:  That the Commission on Taxation 
of Digital Assets, referred to in this resolve as "the commission," is established.
Sec. 2.  Commission membership. Resolved:  That, notwithstanding Joint Rule 
353, the commission consists of 10 members as follows:
1. Five members appointed by the President of the Senate as follows:
A. One member of the Senate from the party holding the largest number of seats in the 
Legislature who serves on the Joint Standing Committee on Taxation;
B. One member of the Senate from the party holding the 2nd largest number of seats 
in the Legislature who serves on the Joint Standing Committee on Taxation;
C. One member with policy expertise or experience in taxation;
D. One member with policy expertise or experience in economics; and
E. One member with expertise in cryptocurrency; and
2. Five members appointed by the Speaker of the House of Representatives as follows:
A. One member of the House of Representatives from the party holding the largest 
number of seats in the Legislature who serves on the Joint Standing Committee on 
Taxation;
B. One member of the House of Representatives from the party holding the 2nd largest 
number of seats in the Legislature who serves on the Joint Standing Committee on 
Taxation;
C. Two members who represent the business community, including one member from 
a statewide organization representing businesses; and
D. One member from a statewide nonprofit organization with expertise in taxation.
Sec. 3.  Chairs. Resolved:  That the first-named Senate member is the Senate chair 
of the commission and the first-named House of Representatives member is the House chair 
of the commission.
Sec. 4.  Appointments; convening of commission. Resolved:  That all 
appointments must be made no later than 30 days following the effective date of this 
resolve.  The appointing authorities shall notify the Executive Director of the Legislative 
Council once all appointments have been completed.  After appointment of all members, 
the chairs shall call and convene the first meeting of the commission.  If 30 days or more 
after the effective date of this resolve a majority of but not all appointments have been 
made, the chairs may request authority and the Legislative Council may grant authority for 
the commission to meet and conduct its business.
Sec. 5.  Duties. Resolved:  That the commission shall:
1. Review possible tax policies for the taxation of digital assets, including 
cryptocurrency and nonfungible tokens;
2. Identify policies in other states for the taxation of digital assets;
3. Evaluate the potential benefits of the policies under subsections 1 and 2;
4. Identify and recommend possible approaches for the taxation of digital assets in this 
State; and
5. Make policy recommendations for the taxation of digital assets.
For the purposes of this resolve, "nonfungible token" means a unique digital identifier 
that cannot be copied, substituted or subdivided, that is recorded in a blockchain and that 
is used to certify authenticity and ownership in a specific digital asset and specific rights 
related to it.
Sec. 6.  Staff assistance. Resolved:  That the Legislative Council shall provide 
necessary staffing services to the commission, except that Legislative Council staff support 
is not authorized when the Legislature is in regular or special session.
Sec. 7.  Report. Resolved:  That, no later than December 3, 2025, the commission 
shall submit a report that includes its findings and recommendations pursuant to section 5, 
including suggested legislation, to the Joint Standing Committee on Taxation.  After receipt 
and a review of the report, the joint standing committee may submit legislation relating to 
the report to the Second Regular Session of the 132nd Legislature.
Sec. 8.  Outside funding. Resolved:  That the commission may seek funding 
contributions to fully or partially fund the costs of the study.  All funding is subject to 
approval by the Legislative Council in accordance with its policies.  If sufficient 
contributions to fund the study have not been received within 30 days after the effective 
date of this resolve, no meetings are authorized and no expenses of any kind may be 
incurred or reimbursed.
SUMMARY
 This resolve establishes the Commission on the Taxation of Digital Assets.  The 
commission is composed of 10 members, including Legislators, members with experience 
in taxation and members representing the business community.  The commission must 
review and evaluate tax policies in other states and recommend possible policy approaches 
for the taxation of digital assets in this State, including cryptocurrency and nonfungible 
tokens. 
The commission must report its findings and recommendations to the Joint Standing 
Committee on Taxation by December 3, 2025.  The joint standing committee has authority 
to report out legislation related to the report to the Second Regular Session of the 132nd 
Legislature.