Maine LD1939: An Act to Close Maine's Tax Loophole for Offshore Profit Shifting

What the bill says

An Act to Close Maine's Tax Loophole for Offshore Profit Shifting" Amend the bill by inserting after section 2 the following: 'Sec. 3. Appropriations and allocations. The following appropriations and allocations are made. ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF Revenue Services, Bureau of 0002 Initiative: Creates and provides funding for one Tax Analyst position, 2 Tax Examiner III positions and 2 Principal Revenue Agent positions beginning October 1, 2026 and associated All Other costs, including one-time computer programming costs. GENERAL FUND 2025-26 2026-27 Personal Services.

From the engrossed text:

An Act to Close Maine's Tax Loophole for Offshore Profit Shifting" Amend the bill by inserting after section 2 the following: 'Sec. 3. Appropriations and allocations. The following appropriations and allocations are made. ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF Revenue Services, Bureau of 0002 Initiative: Creates and provides funding for one Tax Analyst position, 2 Tax Examiner III positions and 2 Principal Revenue Agent positions beginning October 1, 2026 and associated All Other costs, including one-time computer programming costs. GENERAL FUND 2025-26 2026-27 Personal Services $0 $485,322 All Other $0 $142,290 __________ __________ GENERAL FUND TOTAL $0 $627,612 2149 ' Amend the bill by relettering or renumbering any nonconsecutive Part letter or section number to read consecutively. SUMMARY 2288 This amendment, which is the minority report of the committee, adds an appropriations 2299 and allocations section. 3300 FISCAL NOTE REQUIRED 3311 (See attached) Page 1 - 132LR1463(02) COMMITTEE AMENDMENT

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Sponsors

• Ann Matlack (D, 43) · primary sponsor
• Daniel Sayre (D, 135)
• Tipping, Mike (D, 8)