The state of Maine has waded into uncharted territory with the passage of a law that requires out-of-state sellers to collect Maine sales and use tax on their sales into Maine even if they do not have a physical presence in...more
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
Maine Governor Paul LePage has proposed a major restructuring of Maine’s tax system as part of his FY 2016-2017 budget submission. Generally, the governor’s proposal decreases the state’s reliance on income tax revenue and...more
The 2nd Regular Session of the 126th Legislature has adjourned and as usual the Taxation Committee had a number of issues to address. However, unlike last session, the issues tended to be narrow and targeted, as opposed to...more
The Supplemental Budget just released by the Legislature (LD 1843), if passed as written, may hurt Pine Tree Zone Business as well as businesses that engage in a substantial amount of research and development in Maine....more
Averting a potential government shutdown, the Legislature voted to override Governor LePage’s veto of the biennial budget....more