There Is a Newer Version of the Maine Revised Statutes
  1. 2025 Maine Rev. Stat.
  2. 2024 Maine Rev. Stat.
  3. 2023 Maine Rev. Stat.
  4. 2011 Maine Rev. Stat. (here)
  5. View All Versions
View Our Newest Version Here

2011 Maine Revised Statutes
TITLE 36: TAXATION
Chapter 357: INSURANCE COMPANIES
36 §2531. New markets capital investment credit (WHOLE SECTION CONFLICT: Text as enacted by PL 2011, c. 380, Pt. Q, §5)

Universal Citation:
36 ME Rev Stat § 2531-1 (2011 through 125th Legis)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

Part 4: BUSINESS TAXES

§2531. New markets capital investment credit

(CONFLICT)

(WHOLE SECTION CONFLICT: Text as enacted by PL 2011, c. 380, Pt. Q, §5)

A taxpayer subject to tax under this chapter that holds a qualified equity investment certified by the Finance Authority of Maine pursuant to Title 10, section 1100-Z, subsection 3, paragraph G is allowed a credit equal to the amount determined in accordance with section 5219-GG against the tax otherwise due under this chapter. The provisions in section 5219-GG govern the allowance of the credit and limitations on the credit amount, refundability, carry-over and recapture. [2011, c. 380, Pt. Q, §5 (NEW); 2011, c. 380, Pt. Q, §7 (AFF).]

SECTION HISTORY

2011, c. 331, §§16, 17 (AFF). 2011, c. 331, §14 (NEW). 2011, c. 380, Pt. Q, §5 (NEW). 2011, c. 380, Pt. Q, §7 (AFF). 2011, c. 453, §4 (NEW).

Disclaimer: These codes may not be the most recent version. Maine may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.