S.P. 729 - L.D. 2079
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 36 MRSA §112, sub-§11 is enacted to read:
11. Report to the Legislature. The State Tax Assessor shall report by November 1st each year to the joint standing committee of the Legislature having jurisdiction over appropriations and financial affairs and the joint standing committee of the Legislature having jurisdiction over taxation matters concerning the amount of actual capital gains and losses experienced by taxpayers filing income tax returns in the State under Part 8 for tax years ending in the previous calendar year. Data reported under this section may be distributed by decile or quartile. In the absence of actual data, the State Tax Assessor may provide estimates of the capital gains or loss experience.
Effective September 18, 1999, unless otherwise indicated.
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