| | 4.__Business activity within and outside Maine; unitary | business.__For purposes of subsection 1, with respect to taxable | corporations that derive income from a unitary business carried | on by 2 or more members of an affiliated group with business | activity that is taxable both within and without this State, | "income" means the net income of the entire group.__The tax | amount computed under subsection 1 must then be apportioned under | the provisions of chapter 821 for the entire group to determine | the amount of tax imposed on the taxable corporations. |
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| | 5. Net income.__For purposes of this section, "net income" | means, for any taxable year, the taxable income of the taxpayer | for that taxable year under the laws of the United States as | modified by section 5200-A. |
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| | 6.__Taxable in another state.__For purposes of this section, a | taxpayer is taxable in another state if in that state the | taxpayer is subject to a net income tax, a franchise tax measured | by net income, a franchise tax for the privilege of doing | business, or a corporate stock tax, or that state has | jurisdiction to subject the taxpayer to a net income tax | regardless of whether, in fact, the state does or does not. |
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| | Sec. FFF-2. Application. This Part applies to tax years beginning on | or after January 1, 2005. |
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| | Sec. GGG-1. 5 MRSA §1666, 2nd ¶, as amended by PL 2005, c. 386, Pt. | D, §1, is further amended to read: |
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| | The Governor, when submitting the budget to the Legislature, | shall submit the budget document and the General Fund and Highway | Fund bills in a manner that identifies the gross amount of | resources for each program. The gross unified budget bills and | budget document encompass resources from the General Fund, | Highway Fund, Federal Expenditures Fund, Federal Block Grant | Fund, Other Special Revenue funds Funds, internal service funds | and enterprise funds. Separate gross unified budget bills must be | submitted for the General Fund and the Highway Fund. All funds | except trust and agency funds, bond funds and costs of goods sold | expenditures in internal service funds and enterprise funds are | subject to legislative allocation. All programs with Highway Fund | allocations and all internal service funds, enterprise funds and | Other Special Revenue Funds accounts of the Department of | Transportation are subject to legislative allocations and are | presented for informational purposes only in the General Fund | budget bills unless a separate Highway Fund budget is not | enacted. |
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