In a special session, the Maine legislature passed tax conformity legislation on August 30, 2018, after having failed to pass this legislation prior to its spring adjournment. The legislation is now on the Governor’s desk...more
9/5/2018
/ Corporate Taxes ,
Estate Tax ,
GILTI tax ,
Income Taxes ,
Legislative Agendas ,
Net Operating Losses ,
Pending Legislation ,
Personal Exemptions ,
Special Sessions ,
State and Local Government ,
Tax Code ,
Tax Credits ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Exemptions ,
Tax Liability ,
Trusts
The Maine Legislature ended its tumultuous session on July 16, 2015. After an advisory opinion by the Maine Supreme Court, we now know which bills actually became law. As usual, a number of significant tax issues were...more
8/24/2015
/ Cable Television Providers ,
Estate Tax ,
Governor LePage ,
Homestead Exemption ,
Hospice ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Property Tax ,
Sales Tax ,
Special Needs Adults ,
Tax Exemptions ,
Tax Rates ,
Telecommunications
Hoping to avoid a potential government shutdown, this week the Legislature passed a biennial budget that once again makes significant tax changes, but stops well short of the major tax reform desired by many legislators. The...more
6/19/2015
/ Estate Tax ,
Government Shutdown ,
Income Taxes ,
Investment Tax Credits ,
Local Taxes ,
Pensions ,
Property Tax ,
Sales Tax ,
State Budgets ,
State Taxes ,
Tax Deductions ,
Threshold Requirements ,
Veto Rights
A bipartisan group of 11 legislators have proposed an overhaul of Maine’s tax system, including major changes to the individual and corporate income tax, property tax, sales tax, and estate tax. ...more