reglab/statecodes huggingface dataset:
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 807: COMPUTATION OF TAXABLE INCOME OF NONRESIDENT INDIVIDUALS › 36 §5145. Personal exemptions (REPEALED)

§5145. Personal exemptions
(REPEALED)
SECTION HISTORY
P&SL 1969, c. 154, §F1 (NEW). PL 1979, c. 711, §H5 (AMD). PL 1985, c. 783, §26 (RP).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 807: COMPUTATION OF TAXABLE INCOME OF NONRESIDENT INDIVIDUALS › 36 §5146. Child care credit (REPEALED)

§5146. Child care credit
(REPEALED)
SECTION HISTORY
PL 1977, c. 424, §2 (NEW). PL 1985, c. 766, §2 (AMD). PL 1985, c. 783, §27 (RP). PL 1987, c. 402, §A188 (RP). PL 1987, c. 504, §16 (RP).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 807: COMPUTATION OF TAXABLE INCOME OF NONRESIDENT INDIVIDUALS › 36 §5147. Installment sale election

§5147. Installment sale election
Notwithstanding any provision of this Part to the contrary, an individual who transferred, during the taxable year, real or tangible personal property located in this State under an installment sale agreement may elect to recognize, for purposes of determining the taxable income under this chapter, the total gain from that sale in the taxable year of the transfer or to recognize any remaining gain in a subsequent tax year to the extent of the gain not reported in a prior tax year. An election under this section is not available to an individual unless that individual is a nonresident of this State at the time of the transfer or at the time the election is made by the individual. Any installment interest related to the sale of property for which an election is made under this section is excluded from the taxable income of the nonresident individual under chapter 807 for the taxable year for which the election under this section is made and any subsequent taxable year. The interest exclusion in this section does not apply to any loan interest arrangement which has as a principal purpose the avoidance of any tax of this State. An election under this section must be made on a timely filed original income tax return, including if filed by any extension granted for filing the return, and, once made, is irrevocable.   [PL 2023, c. 441, Pt. C, §5 (AMD); PL 2023, c. 441, Pt. C, §11 (AFF).]
SECTION HISTORY
PL 2019, c. 401, Pt. C, §7 (NEW). PL 2019, c. 607, Pt. C, §3 (AMD). PL 2023, c. 441, Pt. C, §5 (AMD). PL 2023, c. 441, Pt. C, §11 (AFF).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 809: IMPOSITION OF TAX ON ESTATES AND TRUSTS › 36 §5160. Imposition of tax

§5160. Imposition of tax
The tax is imposed, at the rates provided by section 5111 for single individuals, upon the Maine taxable income of estates and trusts. The tax must be paid by the fiduciary.   [PL 2003, c. 390, §35 (AMD).]
SECTION HISTORY
P&SL 1969, c. 154, §F1 (NEW). PL 1985, c. 783, §28 (RPR). PL 1993, c. 395, §19 (AMD). PL 2003, c. 390, §35 (AMD).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 809: IMPOSITION OF TAX ON ESTATES AND TRUSTS › 36 §5161. Computation and payment (REPEALED)

§5161. Computation and payment
(REPEALED)
SECTION HISTORY
P&SL 1969, c. 154, §F1 (NEW). PL 1985, c. 783, §29 (RP).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 809: IMPOSITION OF TAX ON ESTATES AND TRUSTS › 36 §5162. Tax not applicable

§5162. Tax not applicable
1.  Associations taxable as corporations.
An association, trust or other unincorporated organization which is taxable as a corporation for federal income tax purposes shall not be subject to tax under this chapter.
[P&SL 1969, c. 154, §F1 (NEW).]
2.  Exempt associations, trusts and organizations.
An association, trust, or other unincorporated organization which by reason of its purposes or activities is exempt from federal income tax shall be exempt from the tax imposed by this Part except with respect to its unrelated business taxable income.
[P&SL 1969, c. 154, §F1 (NEW).]
SECTION HISTORY
P&SL 1969, c. 154, §F1 (NEW).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 811: COMPUTATION OF TAXABLE INCOME OF RESIDENT ESTATES AND TRUSTS › 36 §5163. Maine taxable income of resident estate or trust

§5163. Maine taxable income of resident estate or trust
The Maine taxable income of a resident estate or trust is equal to its federal taxable income modified by the addition or subtraction of its share of the fiduciary adjustment determined under section 5164.   [PL 2003, c. 390, §36 (AMD).]
SECTION HISTORY
P&SL 1969, c. 154, §F1 (NEW). PL 2003, c. 390, §36 (AMD).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 811: COMPUTATION OF TAXABLE INCOME OF RESIDENT ESTATES AND TRUSTS › 36 §5164. Fiduciary adjustment

§5164. Fiduciary adjustment
1.  Fiduciary adjustment defined.
The fiduciary adjustment is the net amount of the modifications described in section 5122, including subsection 3 if the estate or trust is a beneficiary of another estate or trust, that relates to items of income or deduction of an estate or trust. The following items, to the extent that they were deducted in calculating federal taxable income, must be added back to the fiduciary adjustment: income taxes imposed by this State or any other taxing jurisdiction; the amount of the qualified business income deduction determined under the Code, Section 199A; and interest or expenses incurred in the production of income exempt from tax under this Part. Interest or expenses incurred in the production of income taxable under this Part but exempt from federal income tax must be subtracted from the fiduciary adjustment.
[PL 2017, c. 474, Pt. C, §4 (AMD).]
2.  Shares of fiduciary adjustment.
The respective shares of an estate or trust and its beneficiaries, including, solely for the purpose of this allocation, nonresident beneficiaries, in the fiduciary adjustment must be in proportion to their respective shares of federal distributable net income of the estate or trust. If the estate or trust has no federal distributable net income for the taxable year, the share of each beneficiary in the fiduciary adjustment must be in proportion to the beneficiary's share of the estate or trust income for that year, under local law or the terms of the instrument, that is required to be distributed currently and any other amounts of such income distributed in that year. Any balance of the fiduciary adjustment must be allocated to the estate or trust.
[PL 2021, c. 253, Pt. A, §3 (AMD).]
3.  Alternate attribution of adjustment.
The assessor may authorize, upon the taxpayer's written request, the use of other methods of determining to whom the items comprising the fiduciary adjustment are attributed, as may be appropriate and equitable.
[PL 1995, c. 639, §18 (AMD).]
SECTION HISTORY
P&SL 1969, c. 154, §F1 (NEW). PL 1995, c. 639, §18 (AMD). PL 1999, c. 708, §38 (AMD). PL 2007, c. 539, Pt. CCC, §12 (AMD). PL 2011, c. 548, §26 (AMD). PL 2011, c. 548, §35 (AFF). PL 2017, c. 474, Pt. C, §4 (AMD). PL 2021, c. 253, Pt. A, §3 (AMD).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 811: COMPUTATION OF TAXABLE INCOME OF RESIDENT ESTATES AND TRUSTS › 36 §5165. Credit for income tax of another state

§5165. Credit for income tax of another state
A resident estate or trust shall be allowed the credit provided by section 5217-A, except that the limitation shall be computed by reference to the taxable income of the estate or trust.   [PL 1989, c. 596, Pt. J, §4 (AMD).]
SECTION HISTORY
P&SL 1969, c. 154, §F1 (NEW). PL 1987, c. 504, §17 (AMD). PL 1989, c. 596, §J4 (AMD).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 811: COMPUTATION OF TAXABLE INCOME OF RESIDENT ESTATES AND TRUSTS › 36 §5166. Credit to beneficiary for accumulation distribution (REPEALED)

§5166. Credit to beneficiary for accumulation distribution
(REPEALED)
SECTION HISTORY
P&SL 1969, c. 154, §F1 (NEW). PL 1985, c. 783, §30 (RP).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 811: COMPUTATION OF TAXABLE INCOME OF RESIDENT ESTATES AND TRUSTS › 36 §5167. Credit for investment in The Maine Capital Corporation (REPEALED)

§5167. Credit for investment in The Maine Capital Corporation
(REPEALED)
SECTION HISTORY
PL 1977, c. 531, §3 (NEW). PL 1981, c. 364, §66 (RP).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 813: COMPUTATION OF TAXABLE INCOME OF NONRESIDENT TRUSTS AND ESTATES › 36 §5175. Maine taxable income of a nonresident estate or trust (REPEALED)

§5175. Maine taxable income of a nonresident estate or trust
(REPEALED)
SECTION HISTORY
P&SL 1969, c. 154, §F1 (NEW). PL 2003, c. 390, §37 (AMD). PL 2009, c. 434, §70 (RP).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 813: COMPUTATION OF TAXABLE INCOME OF NONRESIDENT TRUSTS AND ESTATES › 36 §5175-A. Maine taxable income of a nonresident estate or trust

§5175-A. Maine taxable income of a nonresident estate or trust
The Maine taxable income of a nonresident estate or trust is equal to its share in that portion of the distributable net income of the estate or trust that is derived from or connected with sources in this State, including items of income, gain, loss and deduction from another estate or trust of which the first estate or trust is a beneficiary, increased or reduced by the amount of any items that are recognized for federal income tax purposes but excluded from the distributable net income of the estate or trust and modified by the addition or subtraction of its share of the fiduciary adjustment determined under section 5164, less the amount of the deduction for its federal exemption. The source of items of income, gain, loss or deduction must be determined in accordance with section 5142 as if the estate or trust were a nonresident individual.   [PL 2009, c. 434, §72 (NEW).]
SECTION HISTORY
PL 2009, c. 434, §72 (NEW).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 813: COMPUTATION OF TAXABLE INCOME OF NONRESIDENT TRUSTS AND ESTATES › 36 §5176. Share of a nonresident estate, trust or beneficiary in income from sources in this State

§5176. Share of a nonresident estate, trust or beneficiary in income from sources in this State
1.  General rule.
The share of a nonresident estate or trust in items of income, gain, loss and deduction derived from or connected with sources in this State that are included in the distributable net income of the nonresident estate or trust and the share for purposes of section 5142 of a nonresident beneficiary of an estate or trust in items of income, gain, loss and deduction of that estate or trust must be determined pursuant to this subsection. A modification may not be made under this section that has the effect of duplicating an item already included in the distributable net income of the estate or trust.
A. To the extent the modifications relate to items of income, gain, loss and deduction derived from or connected with sources in this State that are included in the distributable net income of a nonresident estate or trust, the modifications provided under section 5122 must be added to or subtracted from the amount of those items.   [PL 2009, c. 434, §73 (RPR).]
B. The amount determined under paragraph A must be allocated among the nonresident estate or trust and its beneficiaries, including, solely for the purpose of this allocation, resident beneficiaries, in proportion to their respective shares in the distributable net income of the estate or trust. The amounts so allocated have the same character as for federal income tax purposes. An item that is not characterized for federal income tax purposes is deemed to have been realized directly from the source from which it was realized by the estate or trust or incurred in the same manner as it was incurred by the estate or trust.   [PL 2009, c. 434, §73 (RPR).]
C. If the estate or trust has no distributable net income for the taxable year, the share of each beneficiary in the net amount determined under paragraph A must be in proportion to the beneficiary's share of the estate or trust income for the taxable year that is required to be distributed currently and any other income that is actually distributed in that taxable year. The balance of the net amount must be allocated to the estate or trust.   [PL 2009, c. 434, §73 (RPR).]
[PL 2009, c. 434, §73 (RPR).]
2.  Alternate methods.
The State Tax Assessor may authorize, upon the taxpayer's written request, the use of another method of determining the respective shares of the beneficiaries and of the estate or trust in its income derived from sources in this State, and in the modifications related to that income, that the assessor determines to be appropriate and equitable.
[PL 2009, c. 434, §73 (RPR).]
SECTION HISTORY
P&SL 1969, c. 154, §F1 (NEW). PL 1995, c. 639, §19 (AMD). PL 2009, c. 434, §73 (RPR).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 813: COMPUTATION OF TAXABLE INCOME OF NONRESIDENT TRUSTS AND ESTATES › 36 §5177. Credit to beneficiary for accumulation distribution (REPEALED)

§5177. Credit to beneficiary for accumulation distribution
(REPEALED)
SECTION HISTORY
P&SL 1969, c. 154, §F1 (NEW). PL 1985, c. 783, §31 (RP).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 814: LIMITED LIABILITY COMPANIES › 36 §5180. Taxation of limited liability companies

§5180. Taxation of limited liability companies
1.  Classified as partnership.
For purposes of taxation pursuant to this Part, a limited liability company formed under Title 31, former chapter 13 or chapter 21 or qualified to do business in this State as a foreign limited liability company is classified as a partnership, unless classified otherwise for federal income tax purposes, in which case the limited liability company is classified in the same manner as it is classified for federal income tax purposes.
[PL 2009, c. 629, Pt. A, §3 (AFF); PL 2009, c. 629, Pt. B, §9 (AMD).]
2.  Taxation.
[PL 2009, c. 629, Pt. A, §3 (AFF); PL 2009, c. 629, Pt. B, §10 (RP).]
SECTION HISTORY
PL 1999, c. 414, §41 (NEW). PL 2009, c. 629, Pt. A, §3 (AFF). PL 2009, c. 629, Pt. B, §§9, 10 (AMD).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 815: PARTNERS AND PARTNERSHIPS › Subchapter 1: GENERALLY › 36 §5190. Entity not taxable

§5190. Entity not taxable
A partnership is not subject to the tax imposed by this Part. Persons carrying on business as partners are liable for the tax imposed by this Part only in their separate or individual capacities. This section does not apply to the taxes imposed by chapters 819 and 827 or the tax imposed on partnership audit adjustments pursuant to subchapter 2.   [PL 2019, c. 380, §1 (AMD).]
SECTION HISTORY
P&SL 1969, c. 154, §F1 (NEW). PL 2019, c. 380, §1 (AMD).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 815: PARTNERS AND PARTNERSHIPS › Subchapter 1: GENERALLY › 36 §5191. Resident partner -- adjusted gross income

§5191. Resident partner -- adjusted gross income
1.  Modification in determining the adjusted gross income of a resident partner.
Any modification described in section 5122 which relates to an item of partnership income, gain, loss or deduction shall be made in accordance with the partner's distributive share, for federal income tax purposes, of the item to which the modification relates. Where a partner's distributive share of any item is not required to be taken into account separately for federal income tax purposes, the partner's distributive share of that item shall be determined in accordance with the partner's distributive share, for federal income tax purposes, of partnership taxable income or loss generally.
[PL 1989, c. 508, §19 (AMD).]
2.  Character of items.
Each item of partnership income, gain, loss or deduction shall have the same character for a partner under this Part as it has for federal income tax purposes. Where an item is not characterized for federal income tax purposes, it shall have the same character for a partner as if realized directly from the source from which realized by the partnership or incurred in the same manner as incurred by the partnership.
[P&SL 1969, c. 154, §F1 (NEW).]
3.  Tax avoidance or evasion.
If a partner's distributive share of an item of partnership income, gain, loss or deduction is determined for federal income tax purposes by a special provision in the partnership agreement, the principal purpose of which is the avoidance or evasion of tax under this Part, the partner's distributive share of that item and any modification required with respect to that item must be determined in accordance with the partner's distributive share of the taxable income or loss of the partnership generally, exclusive of items that must be separately computed under the Code, Section 702.
[PL 2011, c. 548, §27 (AMD).]
SECTION HISTORY
P&SL 1969, c. 154, §F1 (NEW). PL 1979, c. 541, §A233 (AMD). PL 1989, c. 508, §19 (AMD). PL 2011, c. 548, §27 (AMD).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 815: PARTNERS AND PARTNERSHIPS › Subchapter 2: PARTNERSHIP AUDITS › 36 §5197. Extensions of time

§5197. Extensions of time
The time periods provided for in this subchapter may be extended:   [PL 2019, c. 380, §2 (NEW).]
1.  Automatically for 60 days.
Automatically, upon written notice to the assessor, by 60 days for an audited partnership or tiered partner that has 10,000 or more direct partners; or
[PL 2019, c. 380, §2 (NEW).]
2.  Written agreement.
By written agreement between the taxpayer and the assessor.
[PL 2019, c. 380, §2 (NEW).]
Any extension granted under this section for filing the federal adjustments report extends the last day prescribed by law for assessing any additional tax pursuant to sections 141 and 5270 and the period for filing a claim for refund or credit of taxes pursuant to sections 144 and 5278 arising from the final federal adjustment.   [PL 2019, c. 380, §2 (NEW).]
SECTION HISTORY
PL 2019, c. 380, §2 (NEW).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 815: PARTNERS AND PARTNERSHIPS › Subchapter 2: PARTNERSHIP AUDITS › 36 §5198. Rules

§5198. Rules
The assessor may adopt rules governing the treatment of part-year residents and other rules necessary to implement this subchapter. Rules adopted under this section are routine technical rules as defined in Title 5, chapter 375, subchapter 2‑A.   [PL 2019, c. 380, §2 (NEW).]
SECTION HISTORY
PL 2019, c. 380, §2 (NEW).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 817: IMPOSITION OF TAX ON CORPORATIONS › 36 §5200-B. Corporate income tax nexus

§5200-B. Corporate income tax nexus
1.  Nexus established.
A corporation has nexus with this State, for the purposes of the tax imposed under section 5200, if that corporation:
A. Is organized or commercially domiciled in this State; or   [PL 2021, c. 181, Pt. E, §2 (NEW).]
B. Is organized or commercially domiciled outside this State, if the corporation's property, payroll or sales, as calculated pursuant to subsection 2, in this State exceed any of the following thresholds for the taxable year:
(1) For property, $250,000;
(2) For payroll, $250,000;
(3) For sales, $500,000; or
(4) Twenty-five percent of the corporation's property, payroll or sales.   [PL 2021, c. 181, Pt. E, §2 (NEW).]
[PL 2021, c. 181, Pt. E, §2 (NEW).]
2.  Property, payroll and sales defined; calculation.
For purposes of this section, property, payroll and sales are calculated as provided under chapter 821 and associated rules adopted by the assessor, except that the sales calculation does not exclude sales of tangible personal property under section 5211, subsection 14, paragraph B. For a taxpayer permitted or required to use a special apportionment method under section 5211, subsection 17, the property, payroll and sales used to determine nexus under this section must be consistent with the property, payroll and sales used for the special apportionment method.
[PL 2021, c. 181, Pt. E, §2 (NEW).]
3.  Corporate partners.
A corporation that holds an interest directly or indirectly in a partnership has nexus with this State if the partnership is organized or commercially domiciled in this State or if the partnership's property, payroll or sales, as calculated pursuant to subsection 2, in this State exceed any of the thresholds in subsection 1, paragraph B.
[PL 2021, c. 181, Pt. E, §2 (NEW).]
4.  Federal protection.
A state that is without jurisdiction to impose a tax on the net income of a taxpayer because that taxpayer comes under the protection of 15 United States Code, Sections 381 to 384, does not gain jurisdiction to impose such a tax because the taxpayer's property, payroll or sales in the State exceed a threshold established in subsection 1.
[PL 2021, c. 181, Pt. E, §2 (NEW).]
SECTION HISTORY
PL 2021, c. 181, Pt. E, §2 (NEW).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 817: IMPOSITION OF TAX ON CORPORATIONS › 36 §5201. Alternative tax computation (REPEALED)

§5201. Alternative tax computation
(REPEALED)
SECTION HISTORY
P&SL 1969, c. 154, §F1 (NEW). PL 1973, c. 12, §5 (RP). PL 1973, c. 592, §22 (RP).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 817: IMPOSITION OF TAX ON CORPORATIONS › 36 §5202. Credit for investment in The Maine Capital Corporation (REPEALED)

§5202. Credit for investment in The Maine Capital Corporation
(REPEALED)
SECTION HISTORY
PL 1977, c. 531, §4 (NEW). PL 1981, c. 364, §67 (RP).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 817: IMPOSITION OF TAX ON CORPORATIONS › 36 §5202-A. Small business investment companies exempt

§5202-A. Small business investment companies exempt
Corporate small business investment companies, licensed under the United States Small Business Investment Act of 1958, as amended, and commercially domiciled in Maine and doing business primarily in Maine, shall be exempt from taxation under this Part.   [PL 1977, c. 640, §2 (NEW).]
SECTION HISTORY
PL 1977, c. 640, §2 (NEW).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 817: IMPOSITION OF TAX ON CORPORATIONS › 36 §5202-B. Depreciation option (REPEALED)

§5202-B. Depreciation option
(REPEALED)
SECTION HISTORY
PL 1981, c. 704, §5 (NEW). PL 1983, c. 480, §A67 (AMD). PL 1987, c. 504, §24 (RP).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 817: IMPOSITION OF TAX ON CORPORATIONS › 36 §5202-C. Separate accounting required in certain cases

§5202-C. Separate accounting required in certain cases
A corporation that is subject to tax under chapter 357 or that would be subject to tax under chapter 357 if the insurance business conducted by such corporation were conducted in this State shall separately account to the State Tax Assessor for income received from a health maintenance organization to the extent operated under authority of a certificate issued by the Superintendent of Insurance pursuant to Title 24‑A, section 4204, except income from a health maintenance organization that is separately organized and subject to income taxation. The assessor may distribute, apportion or allocate gross income, deductions, credits, allowances or assets between or among related entities and operating divisions if the assessor determines such action to be necessary in order to prevent evasion of taxes or to properly reflect earned income.   [PL 2001, c. 439, Pt. D, §2 (NEW); PL 2001, c. 439, Pt. D, §9 (AFF).]
SECTION HISTORY
PL 2001, c. 439, §D2 (NEW). PL 2001, c. 439, §D9 (AFF).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 818: ADDITIONAL TAXES › 36 §5203. Minimum tax for tax preferences (REPEALED)

§5203. Minimum tax for tax preferences
(REPEALED)
SECTION HISTORY
PL 1977, c. 424, §3 (NEW). PL 1979, c. 615, §5 (AMD). PL 1985, c. 691, §§34,48 (RPR). PL 1987, c. 504, §§25,26 (AMD). PL 1989, c. 508, §20 (AMD). PL 1989, c. 871, §18 (AMD). PL 1991, c. 528, §N14 (RP). PL 1991, c. 528, §RRR (AFF). PL 1991, c. 591, §N14 (RP).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 818: ADDITIONAL TAXES › 36 §5203-A. State minimum tax (REPEALED)

§5203-A. State minimum tax
(REPEALED)
SECTION HISTORY
PL 1991, c. 528, §N15 (NEW). PL 1991, c. 528, §§N17,RRR (AFF). PL 1991, c. 591, §N15 (NEW). PL 1991, c. 591, §N17 (AFF). PL 1997, c. 746, §13 (AMD). PL 1997, c. 746, §24 (AFF). PL 2001, c. 559, §GG19 (AMD). PL 2001, c. 559, §GG26 (AFF). PL 2003, c. 479, §7 (AMD). PL 2003, c. 673, §JJ1 (RP). PL 2003, c. 673, §JJ6 (AFF).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 818: ADDITIONAL TAXES › 36 §5203-B. Corporate income tax surcharge (REPEALED)

§5203-B. Corporate income tax surcharge
(REPEALED)
SECTION HISTORY
PL 1991, c. 528, §AAA1 (NEW). PL 1991, c. 528, §§AAA2,RRR (AFF). PL 1991, c. 591, §AAA1 (NEW). PL 1991, c. 591, §AAA2 (AFF). PL 1995, c. 281, §29 (AMD). PL 2003, c. 673, §JJ2 (AMD). PL 2003, c. 673, §JJ6 (AFF). PL 2009, c. 434, §76 (RP).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 818: ADDITIONAL TAXES › 36 §5204. Lump-sum retirement plan distributions (REPEALED)

§5204. Lump-sum retirement plan distributions
(REPEALED)
SECTION HISTORY
PL 1977, c. 424, §3 (NEW). PL 1987, c. 504, §27 (AMD). PL 1987, c. 772, §38 (AMD). PL 2011, c. 380, Pt. N, §15 (AMD). PL 2011, c. 380, Pt. N, §19 (AFF). PL 2011, c. 548, §29 (AMD). PL 2021, c. 253, Pt. A, §4 (RP).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 818: ADDITIONAL TAXES › 36 §5204-A. Early distribution from qualified retirement plans (REPEALED)

§5204-A. Early distribution from qualified retirement plans
(REPEALED)
SECTION HISTORY
PL 1985, c. 670 (NEW). PL 1987, c. 504, §28 (RPR). PL 1993, c. 395, §20 (AMD). PL 2011, c. 380, Pt. N, §16 (AMD). PL 2011, c. 380, Pt. N, §19 (AFF). PL 2021, c. 253, Pt. A, §5 (RP).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 818: ADDITIONAL TAXES › 36 §5204-B. Certain capital gains of trusts (REPEALED)

§5204-B. Certain capital gains of trusts
(REPEALED)
SECTION HISTORY
PL 1995, c. 281, §30 (NEW). PL 1997, c. 668, §30 (RP). PL 1997, c. 668, §43 (AFF).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 819: FRANCHISE TAX › 36 §5205. Franchise tax on banking corporations and loan associations (REPEALED)

§5205. Franchise tax on banking corporations and loan associations
(REPEALED)
SECTION HISTORY
P&SL 1969, c. 154, §F1 (NEW). PL 1973, c. 580, §3 (AMD). PL 1973, c. 592, §22A (AMD). PL 1973, c. 788, §194 (RPR). PL 1977, c. 686, §13 (AMD). PL 1981, c. 698, §186 (RP).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 819: FRANCHISE TAX › 36 §5206-A. Utilization of net operating loss carry forward (REPEALED)

§5206-A. Utilization of net operating loss carry forward
(REPEALED)
SECTION HISTORY
PL 1981, c. 704, §8 (NEW). PL 1983, c. 480, §A66 (AMD). PL 1983, c. 842, §3 (RPR). PL 1997, c. 404, §3 (RP). PL 1997, c. 404, §10 (AFF).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 819: FRANCHISE TAX › 36 §5206-B. Definitions (REPEALED)

§5206-B. Definitions
(REPEALED)
SECTION HISTORY
PL 1983, c. 842, §4 (NEW). PL 1985, c. 783, §35 (AMD). PL 1987, c. 497, §50 (AMD). PL 1987, c. 841, §§6,7 (AMD). PL 1995, c. 628, §§36,37 (AMD). PL 1995, c. 628, §39 (AFF). PL 1997, c. 404, §4 (RP). PL 1997, c. 404, §10 (AFF).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 819: FRANCHISE TAX › 36 §5206-C. Refunds (REPEALED)

§5206-C. Refunds
(REPEALED)
SECTION HISTORY
PL 1983, c. 842, §5 (NEW). PL 1987, c. 504, §29 (RP).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 819: FRANCHISE TAX › 36 §5206-F. Time for filing returns

§5206-F. Time for filing returns
The franchise tax return required by section 5220, subsection 6 must be filed on or before the 15th day of the 4th month following the end of the financial institution's fiscal year.   [PL 2017, c. 211, Pt. D, §5 (AMD).]
SECTION HISTORY
PL 1997, c. 746, §19 (NEW). PL 1997, c. 746, §24 (AFF). PL 2003, c. 588, §17 (AMD). PL 2017, c. 211, Pt. D, §5 (AMD).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 819: FRANCHISE TAX › 36 §5206-G. Combined reports

§5206-G. Combined reports
The combined report required by section 5220, subsection 6 must include, both in the aggregate and by entity, a list of the net income or loss per books, the property, payroll and receipts in Maine and everywhere as defined in this chapter and the Maine net income of the unitary business. Neither the income nor the property, payroll and receipts of an entity that is not required to file a federal income tax return or whose income is not subject to federal income tax as income to its direct or indirect owners may be included in the combined report.   [PL 1997, c. 746, §19 (NEW); PL 1997, c. 746, §24 (AFF).]
In determining Maine assets or Maine net income for purposes of filing a combined report, intercompany eliminations must be made as necessary to avoid the duplication of income or assets.   [PL 1997, c. 746, §19 (NEW); PL 1997, c. 746, §24 (AFF).]
SECTION HISTORY
PL 1997, c. 746, §19 (NEW). PL 1997, c. 746, §24 (AFF).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 821: APPORTIONMENT OF INCOME › 36 §5210. Definitions

§5210. Definitions
As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings.   [PL 1981, c. 698, §187 (RPR).]
1.  Business income.
[PL 1987, c. 841, §9 (RP).]
2.  Commercial domicile.
[PL 1987, c. 841, §9 (RP).]
3.  Compensation.
"Compensation" means wages, salaries, commissions and any other form of remuneration paid to employees for personal services. "Compensation" includes amounts paid to an employee-leasing company for leased employees and amounts paid to a temporary services company for temporary employees, pursuant to a contract between the taxpayer and an employee-leasing company or temporary services company.
[PL 2001, c. 439, Pt. D, §6 (AMD); PL 2001, c. 439, Pt. D, §9 (AFF).]
3-A.  Employee-leasing company.
"Employee-leasing company" means a business that contracts with client companies to supply workers to perform services for the client companies, except that the term "employee-leasing company" does not include private employment agencies that provide workers to client companies on a temporary help basis.
[PL 2001, c. 439, Pt. D, §7 (NEW); PL 2001, c. 439, Pt. D, §9 (AFF).]
3-B.  Leased employee.
"Leased employee" means an individual who performs services for a client company pursuant to a contract between the client company and an employee-leasing company.
[PL 2001, c. 439, Pt. D, §7 (NEW); PL 2001, c. 439, Pt. D, §9 (AFF).]
4.  Nonbusiness income.
[PL 1987, c. 841, §9 (RP).]
5.  Sales.
"Sales" means all gross receipts of the taxpayer.
[PL 1993, c. 670, §8 (AMD).]
6.  State.
"State" means any state of the United States, District of Columbia, the Commonwealth of Puerto Rico, any territory or possession of the United States, and any foreign country or political subdivision thereof.
[PL 1981, c. 698, §187 (NEW).]
7.  Temporary help.
"Temporary help" means employee services provided to client companies for a contractual period of less than 12 months.
[PL 2001, c. 439, Pt. D, §7 (NEW); PL 2001, c. 439, Pt. D, §9 (AFF).]
8.  Temporary services company.
"Temporary services company" means a private employment agency, other than an employee-leasing company, that provides workers to client companies on a temporary help basis.
[PL 2001, c. 439, Pt. D, §7 (NEW); PL 2001, c. 439, Pt. D, §9 (AFF).]
SECTION HISTORY
P&SL 1969, c. 154, §F1 (NEW). PL 1979, c. 541, §A236 (AMD). PL 1981, c. 698, §187 (RPR). PL 1987, c. 841, §9 (AMD). PL 1993, c. 670, §8 (AMD). PL 2001, c. 439, §§D6,7 (AMD). PL 2001, c. 439, §D9 (AFF).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 821: APPORTIONMENT OF INCOME › 36 §5212. Apportionment of income of mutual fund service providers (REPEALED)

§5212. Apportionment of income of mutual fund service providers
(REPEALED)
SECTION HISTORY
PL 1999, c. 754, §1 (NEW). PL 1999, c. 754, §2 (AFF). PL 2007, c. 240, Pt. V, §13 (AMD). PL 2019, c. 401, Pt. C, §10 (RP).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 822: TAX CREDITS › 36 §5214. Legislative findings and purpose (REPEALED)

§5214. Legislative findings and purpose
(REPEALED)
SECTION HISTORY
PL 1977, c. 722 (NEW). PL 1981, c. 364, §68 (RP).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 822: TAX CREDITS › 36 §5214-A. Credit to beneficiary for accumulation distribution

§5214-A. Credit to beneficiary for accumulation distribution
1.  General.
A beneficiary of a trust whose adjusted gross income includes all or part of an accumulation distribution by that trust, as defined in the Code, Section 665, or its equivalent, shall be allowed a credit against the tax otherwise due under this Part for all or a proportionate part of any tax paid by the trust under this Part for any preceding taxable year which would not have been payable if the trust had in fact made distribution to its beneficiaries at the times and in the amounts specified in the Code, Section 666, or its equivalent.
[PL 1987, c. 504, §30 (AMD).]
2.  Limitation on credit.
The credit under this section shall not reduce the tax otherwise due from the beneficiary under this Part to an amount less than would have been due if the accumulation distribution or his part of the accumulation distribution were excluded from his adjusted gross income.
[PL 1985, c. 783, §36 (NEW).]
SECTION HISTORY
PL 1985, c. 783, §36 (NEW). PL 1987, c. 504, §30 (AMD).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 822: TAX CREDITS › 36 §5216. Credit for investment in The Maine Capital Corporation or the Maine Natural Resource Capital Company (REPEALED)

§5216. Credit for investment in The Maine Capital Corporation or the Maine Natural Resource Capital Company
(REPEALED)
SECTION HISTORY
PL 1981, c. 364, §70 (NEW). PL 1983, c. 519, §§26,27 (AMD). PL 1983, c. 700, §§5,6 (AMD). PL 1985, c. 344, §98 (AMD). PL 1985, c. 714, §§41-43 (AMD).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 822: TAX CREDITS › 36 §5216-A. Credit for investment in the Maine Natural Resource Capital Company (REPEALED)

§5216-A. Credit for investment in the Maine Natural Resource Capital Company
(REPEALED)
SECTION HISTORY
PL 1985, c. 714, §44 (NEW). PL 1987, c. 854, §§3,5 (RP).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 822: TAX CREDITS › 36 §5216-C. Contributions to family development account reserve funds (REPEALED)

§5216-C. Contributions to family development account reserve funds
(REPEALED)
SECTION HISTORY
PL 1999, c. 475, §6 (NEW). PL 1999, c. 475, §7 (AFF). PL 2015, c. 267, Pt. DD, §21 (RP). PL 2015, c. 267, Pt. DD, §34 (AFF).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 822: TAX CREDITS › 36 §5216-D. Maine Fishery Infrastructure Investment Tax Credit Program (REPEALED)

§5216-D. Maine Fishery Infrastructure Investment Tax Credit Program
(REPEALED)
SECTION HISTORY
PL 2011, c. 380, Pt. HHHH, §3 (NEW). PL 2011, c. 548, §30 (AMD). PL 2011, c. 548, §36 (AFF). PL 2011, c. 644, §28 (AMD). PL 2011, c. 644, §33 (AFF). PL 2019, c. 401, Pt. C, §11 (RP).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 822: TAX CREDITS › 36 §5217-A. Income tax paid to other taxing jurisdiction

§5217-A. Income tax paid to other taxing jurisdiction
A resident individual is allowed a credit against the tax otherwise due under this Part, excluding the tax imposed by section 5203‑C, for the amount of income tax imposed on that individual for the taxable year by another state of the United States, a political subdivision of any such state, the District of Columbia or any political subdivision of a foreign country that is analogous to a state of the United States with respect to income subject to tax under this Part that is derived from sources in that taxing jurisdiction. In determining whether income is derived from sources in another jurisdiction, the assessor may not employ the law of the other jurisdiction but shall instead assume that a statute equivalent to section 5142 applies in that jurisdiction. The credit, for any of the specified taxing jurisdictions, may not exceed the proportion of the tax otherwise due under this Part, excluding the tax imposed by section 5203‑C, that the amount of the taxpayer's Maine adjusted gross income derived from sources in that taxing jurisdiction bears to the taxpayer's entire Maine adjusted gross income; except that, when a credit is claimed for taxes paid to both a state and a political subdivision of a state, the total credit allowable for those taxes does not exceed the proportion of the tax otherwise due under this Part, excluding the tax imposed by section 5203-C, that the amount of the taxpayer's Maine adjusted gross income derived from sources in the other state bears to the taxpayer's entire Maine adjusted gross income.   [PL 2003, c. 673, Pt. JJ, §4 (AMD); PL 2003, c. 673, Pt. JJ, §6 (AFF).]
SECTION HISTORY
PL 1987, c. 769, §A160 (NEW). PL 1991, c. 528, §N16 (AMD). PL 1991, c. 528, §§N17,RRR (AFF). PL 1991, c. 591, §N16 (AMD). PL 1991, c. 591, §N17 (AFF). PL 2003, c. 391, §9 (AMD). PL 2003, c. 673, §JJ4 (AMD). PL 2003, c. 673, §JJ6 (AFF).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 822: TAX CREDITS › 36 §5217-B. Employer-provided long-term care benefits (REPEALED)

§5217-B. Employer-provided long-term care benefits
(REPEALED)
SECTION HISTORY
PL 1989, c. 556, §B11 (NEW). PL 1999, c. 521, §C7 (AMD). PL 1999, c. 521, §C9 (AFF). PL 2017, c. 170, Pt. E, §4 (RP).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 822: TAX CREDITS › 36 §5217-C. Employer-provided long-term care benefits on and after January 1, 2000

§5217-C. Employer-provided long-term care benefits on and after January 1, 2000
1.  Credit.
A taxpayer constituting an employing unit is allowed a credit against the tax imposed by this Part for each taxable year equal to the lowest of the following:
A. Five thousand dollars;   [PL 1999, c. 521, Pt. C, §8 (NEW); PL 1999, c. 521, Pt. C, §9 (AFF).]
B. Twenty percent of the costs incurred by the taxpayer in providing eligible long-term care insurance as part of a benefit package; or   [PL 2001, c. 679, §5 (AMD); PL 2001, c. 679, §6 (AFF).]
C. One hundred dollars for each employee covered by employer-provided eligible long-term care insurance.   [PL 2001, c. 679, §5 (AMD); PL 2001, c. 679, §6 (AFF).]
[PL 2001, c. 679, §5 (AMD); PL 2001, c. 679, §6 (AFF).]
2.  Definitions.
As used in this section, unless the context otherwise indicates, the following terms have the following meanings.
A. "Employing unit" has the same meaning as in Title 26, section 1043.   [PL 1999, c. 521, Pt. C, §8 (NEW); PL 1999, c. 521, Pt. C, §9 (AFF).]
B.   [PL 2001, c. 679, §5 (RP); PL 2001, c. 679, §6 (AFF).]
C. "Eligible long-term care insurance" means:
(1) For tax years beginning on or after January 1, 2000, a qualified long-term care insurance contract as defined in the Code, Section 7702B(b); and
(2) For tax years beginning on or after January 1, 2002, a contract specified in subparagraph (1) or a long-term care insurance policy certified by the Superintendent of Insurance under Title 24‑A, section 5075‑A.   [PL 2001, c. 679, §5 (NEW); PL 2001, c. 679, §6 (AFF).]
[PL 2001, c. 679, §5 (AMD); PL 2001, c. 679, §6 (AFF).]
3.  Limitation.
The amount of the credit that may be used by a taxpayer for a taxable year may not exceed the amount of tax otherwise due under this Part. Any unused credit may be carried over to the following year or years for a period not to exceed 15 years.
[PL 1999, c. 521, Pt. C, §8 (NEW); PL 1999, c. 521, Pt. C, §9 (AFF).]
4.  Application.
Except for the credit allowed with respect to the carry-over of unused credit amounts pursuant to subsection 3, the tax credit allowed under this section does not apply to tax years beginning on or after January 1, 2016.
[PL 2015, c. 267, Pt. DD, §23 (NEW).]
SECTION HISTORY
PL 1999, c. 521, §C8 (NEW). PL 1999, c. 521, §C9 (AFF). PL 2001, c. 679, §5 (AMD). PL 2001, c. 679, §6 (AFF). PL 2015, c. 267, Pt. DD, §23 (AMD).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 822: TAX CREDITS › 36 §5217-F. Employer support for volunteer firefighters, volunteer municipal emergency medical services persons and volunteer municipal firefighters

§5217-F. Employer support for volunteer firefighters, volunteer municipal emergency medical services persons and volunteer municipal firefighters
For tax years beginning on or after January 1, 2022, an employer who employs an individual who is a volunteer firefighter, a volunteer municipal emergency medical services person or, for tax years beginning on or after January 1, 2025, a volunteer municipal firefighter and who permits that employee to respond to fire calls or emergency medical services calls, as appropriate, during hours when the employee is scheduled to work without a reduction in pay is eligible for a credit against the tax imposed by this Part equal to the compensation that is paid to the employee at the employee's regular rate of pay during the time when the employee is away from work due to firefighting or emergency response responsibilities. For the purposes of this subsection, "volunteer firefighter" has the same meaning as in Title 30‑A, section 3151, subsection 4; "volunteer municipal emergency medical services person" means an emergency medical services person as defined in Title 32, section 83, subsection 12 who responds to emergency medical services calls from a municipality and who receives no compensation from the municipality other than injury and death benefits; and "volunteer municipal firefighter" has the same meaning as in Title 30‑A, section 3151, subsection 5.   [PL 2023, c. 478, §3 (AMD).]
SECTION HISTORY
PL 2021, c. 731, §5 (NEW). PL 2023, c. 478, §3 (AMD).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 822: TAX CREDITS › 36 §5219. Income tax credit for installation of renewable energy systems (REPEALED)

§5219. Income tax credit for installation of renewable energy systems
(REPEALED)
SECTION HISTORY
PL 1987, c. 504, §32 (NEW). PL 1989, c. 502, §B61 (RPR).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 822: TAX CREDITS › 36 §5219-A. Retirement and disability credit (REPEALED)

§5219-A. Retirement and disability credit
(REPEALED)
SECTION HISTORY
PL 1987, c. 504, §32 (NEW). PL 1999, c. 521, §B7 (RPR). PL 1999, c. 521, §B11 (AFF). PL 2003, c. 390, §§46,47 (AMD). PL 2015, c. 267, Pt. DD, §25 (RP). PL 2015, c. 267, Pt. DD, §34 (AFF).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 822: TAX CREDITS › 36 §5219-B. Conformity credit (REPEALED)

§5219-B. Conformity credit
(REPEALED)
SECTION HISTORY
PL 1987, c. 504, §32 (NEW). PL 2001, c. 177, §5 (RP).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 822: TAX CREDITS › 36 §5219-C. Forest management planning income credits (REPEALED)

§5219-C. Forest management planning income credits
(REPEALED)
SECTION HISTORY
PL 1989, c. 501, §P32 (NEW). PL 1989, c. 530, §2 (NEW). PL 1989, c. 585, §C17 (NEW). PL 1989, c. 702, §E14 (AMD). PL 1991, c. 377, §20 (RPR). PL 2007, c. 437, §18 (AMD). PL 2007, c. 437, §22 (AFF). PL 2007, c. 627, §90 (AMD). PL 2015, c. 267, Pt. DD, §26 (RP). PL 2015, c. 267, Pt. DD, §34 (AFF).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 822: TAX CREDITS › 36 §5219-D. Solid waste reduction investment tax credit (REPEALED)

§5219-D. Solid waste reduction investment tax credit
(REPEALED)
SECTION HISTORY
PL 1989, c. 927, §6 (NEW). RR 1991, c. 2, §139 (COR). PL 1991, c. 528, §§R10,11 (AMD). PL 1991, c. 591, §§R10,11 (AMD). PL 1991, c. 591, §R19 (AFF). PL 1991, c. 846, §§36,37 (AMD). PL 1993, c. 433, §2 (AMD). PL 1995, c. 368, §NN3 (AMD). PL 1995, c. 656, §§A16,17 (AMD). PL 1997, c. 504, §17 (AMD). PL 2005, c. 618, §10 (RP). PL 1991, c. 528, §§R19,RRR (AFF).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 822: TAX CREDITS › 36 §5219-E. Investment tax credit (REPEALED)

§5219-E. Investment tax credit
(REPEALED)
SECTION HISTORY
PL 1991, c. 377, §21 (NEW). PL 1991, c. 528, §§N18,BBB1 (AMD). PL 1991, c. 528, §§N19,RRR (AFF). PL 1991, c. 591, §§N18,BBB1 (AMD). PL 1991, c. 591, §N19 (AFF). PL 1993, c. 671, §3 (AMD). PL 1995, c. 368, §FFF1 (AMD). PL 1995, c. 368, §FFF3 (AFF). PL 1997, c. 24, §C11 (AMD). PL 2009, c. 496, §24 (RP).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 822: TAX CREDITS › 36 §5219-F. Reclaimed wood waste and cedar waste credit (REPEALED)

§5219-F. Reclaimed wood waste and cedar waste credit
(REPEALED)
SECTION HISTORY
PL 1989, c. 935, §2 (NEW). PL 1991, c. 528, §N20 (AMD). PL 1991, c. 528, §§N21,RRR (AFF). PL 1991, c. 591, §N20 (AMD). PL 1991, c. 591, §N21 (AFF). MRSA T. 36 §5219-F, sub-§7 (RP).
2023 Maine Revised Statutes › TITLE 36: TAXATION › Part 8: INCOME TAXES › Chapter 822: TAX CREDITS › 36 §5219-G. Tax credits for partners, S corporation shareholders and beneficiaries of estates and trusts

§5219-G. Tax credits for partners, S corporation shareholders and beneficiaries of estates and trusts
1.  Tax credits for partners and S corporation shareholders.
Each partner of a partnership or shareholder of an S corporation is allowed a credit against the tax imposed by this Part in an amount equal to the partner's or shareholder's pro rata share of the tax credits described in this chapter, except that in the case of credits attributable to a financial institution subject to tax under chapter 819, the credits are allowable only against the tax imposed by that chapter. A partner's pro rata share must equal the partner's percentage interest in the taxable income or loss of the partnership for federal income tax purposes for the taxable year. The pro rata share of a shareholder of an S corporation must equal the shareholder's percentage share of stock of the S corporation as of the end of the taxable year.
[PL 1999, c. 708, §46 (AMD).]
2.  Tax credits for beneficiaries of estates and trusts.
Each beneficiary of an estate or trust is allowed a credit against the tax imposed by this Part in an amount equal to the beneficiary's pro rata share of the tax credits described in this chapter. A beneficiary's pro rata share must equal the beneficiary's share of federal distributable net income of the estate or trust. If the estate or trust has no federal distributable net income for the taxable year, the share of each beneficiary in the applicable tax credits is in proportion to that beneficiary's share of the estate or trust income for that year, under local law or the terms of the instrument, which is required to be distributed currently, and any other amounts of income distributed in that year. Any balance of the applicable credits is allocated to the estate or trust.
[PL 1999, c. 521, Pt. B, §8 (NEW); PL 1999, c. 521, Pt. B, §11 (AFF).]
SECTION HISTORY
PL 1991, c. 546, §34 (NEW). PL 1997, c. 746, §20 (AMD). PL 1997, c. 746, §24 (AFF). PL 1999, c. 521, §B8 (RPR). PL 1999, c. 521, §B11 (AFF). PL 1999, c. 708, §46 (AMD).