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ME LD48
Bill
Status
6/25/2025
Primary Sponsor
Kristen Cloutier
Click for details
AI Summary
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Updates Maine's tax code reference to the U.S. Internal Revenue Code from December 31, 2023 to December 31, 2024, ensuring state conformity with federal tax law changes
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Applies to tax years beginning on or after January 1, 2024, as well as any prior tax years specifically provided for under the updated federal code
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Enacted as emergency legislation to take effect immediately upon approval, avoiding the standard 90-day waiting period
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Approved by the Governor on July 1, 2025 as Public Law Chapter 432
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Enables timely processing of 2024 income tax returns by aligning state and federal tax definitions
Legislative Description
An Act to Update References to the United States Internal Revenue Code of 1986 Contained in the Maine Revised Statutes
Income Tax
Last Action
PASSED TO BE ENACTED - Emergency -2/3 Elected Required in concurrence.
6/25/2025