LD 1571
pg. 19
Page 18 of 25 An Act Concerning Technical Changes to the Tax Laws Page 20 of 25
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LR 1977
Item 1

 
Sec. 53. 36 MRSA §5219-N, sub-§§1 and 3, as enacted by PL 1997, c. 557, Pt.
E, §1 and affected by §2 and Pt. G, §1, are amended to read:

 
1. Generally. Except as otherwise provided by this section
in subsection 2, an individual whose state Maine taxable income
determined as if the individual were a resident individual for
the entire year is $2,000 or less is allowed a credit equal to
the amount of the tax otherwise imposed on that individual by
this Part. In no case may the this credit allowed by this
section reduce an individual's state the Maine income tax
liability to less than zero.

 
3. Returns not required. Notwithstanding section 5220 or any
other provision of law, an individual who is eligible for this
credit is not required to file a state Maine income tax return.

 
Sec. 54. 36 MRSA §5231, sub-§1, as amended by PL 1989, c. 871, §19, is
further amended to read:

 
1. General. The assessor State Tax Assessor may grant a
reasonable extension of time for payment of tax or estimated tax
or any installment, or for filing any return, declaration,
statement or other document required pursuant to this Part, on
terms and conditions the assessor may require. Except as provided
in subsection 1-A or for a taxpayer who is outside the United
States, an extension for filing any return, declaration,
statement or document may not exceed 8 months.

 
Sec. 55. 36 MRSA §5231, sub-§1-A, as amended by PL 1997, c. 404, §9
and affected by §10, is further amended to read:

 
1-A. Federal extension. When an individual, estate or trust
is granted an extension of time within which to file a federal
income tax return for any taxable year, the due date for filing
the taxpayer's income tax return with respect to the tax imposed
by this Part is automatically extended for an equivalent period.
When a taxable corporation or a financial institution subject to
the tax imposed by chapter 819 is granted an extension of time
within which to file its federal income tax return for any
taxable year, the due date for filing the taxpayer's income tax
or franchise tax return with respect to the tax imposed by this
Part is automatically extended for an equivalent period plus 30
days.

 
Sec. 56. 36 MRSA §5316, as amended by PL 1971, c. 622, §132, is
repealed.


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