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ME LD1475

Bill

Status

Failed

5/21/2025

Primary Sponsor

Grayson Lookner

Click for details

Origin

House of Representatives

132nd Legislature

AI Summary

  • Establishes a 10-member Commission on Taxation of Digital Assets, with 5 members appointed by the Senate President and 5 by the House Speaker, including legislators from the Joint Standing Committee on Taxation, taxation and economics experts, a cryptocurrency expert, and business community representatives

  • Commission must review tax policies for digital assets including cryptocurrency and nonfungible tokens (NFTs), identify policies used in other states, and recommend approaches for Maine

  • Report with findings, recommendations, and suggested legislation due to the Joint Standing Committee on Taxation by December 3, 2025

  • Requires outside funding contributions within 30 days of the resolve's effective date; if insufficient funding is received, no meetings or expenses are authorized

  • Legislative Council provides staffing support, except during regular or special legislative sessions

Legislative Description

Resolve, to Establish the Commission to Study the Taxation of Digital Assets

Sales And Use Tax

Last Action

Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)

5/21/2025

Committee Referrals

Taxation4/3/2025

Full Bill Text

No bill text available