Establishes a commission to study the apportionment of service revenue for Maine corporate income tax purposes.
The bill establishes the Commission to Study the Apportionment of Service Revenue. The commission will study the apportionment of service revenue in the calculation of corporate taxes and tax rates in the State, the need for fair representation of taxpayers' business activities, the effect of adopting look-through apportionment for certain types of services, and the availability of reasonable approximation safe harbor provisions. The commission consists of five members of the Senate, six members of the House of Representatives, and the State Tax Assessor or their designee.
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