Sec. NNNNN-1. 36 MRSA c. 723 is enacted to read:
ECONOMIC CRISIS ASSESSMENT
§ 4951. Definitions
As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings.
Other terms used in this chapter have the same meaning as when used in a comparable context in the laws of the United States relating to federal tax-exempt organizations, unless different meanings are clearly required.
§ 4952. Economic crisis assessment
For tax years beginning in 2012 and 2013, an economic crisis assessment is imposed on a nonprofit organization equal to 2% of the value in excess of $250,000 of the nonprofit organization’s land, buildings and equipment located in this State.
§ 4953. Assessment due date; filing of return and payment of assessment
§ 4954. Administration
Except as provided by this chapter, the economic crisis assessment imposed pursuant to section 4952 must be administered and enforced as though it were imposed under Part 8.
Sec. NNNNN-2. Appropriations and allocations. The following appropriations and allocations are made.
ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF
Revenue Services, Bureau of 0002
Initiative: Provides funding for computer programming design and development of the new tax type for purposes of the Maine Revenue Integrated Tax System and associated data capture processing systems.
|GENERAL FUND TOTAL||$120,000||$0|
Sec. NNNNN-3. Retroactivity. That section of this Part that enacts the Maine Revised Statutes, Title 36, chapter 723 applies retroactively to tax years beginning on or after January 1, 2012.’