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2011 Maine Revised Statutes
TITLE 36: TAXATION
Chapter 10: TAX EXPENDITURE REVIEW
36 §199-A. Definitions


36 ME Rev Stat § 199-A (2011 through 125th Legis) What's This?

Part 1: GENERAL PROVISIONS

§199-A. Definitions

As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [2001, c. 652, §7 (NEW).]

1. Committee. "Committee" means the joint standing committee of the Legislature having jurisdiction over taxation matters.

[ 2001, c. 652, §7 (NEW) .]

2. Tax expenditure. "Tax expenditure" means any provision of state law that results in the reduction of tax revenue due to special exclusions, exemptions, deductions, credits, preferential rates or deferral of tax liability.

[ 2001, c. 652, §7 (NEW) .]

SECTION HISTORY

2001, c. 652, §7 (NEW).

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