Maine - Temporary sales tax increase, sales tax on electronically transferred products, and other tax changes

Maine enacted several tax changes with the passage of L.D. 1509. Sales tax changes include increasing the rate temporarily, extending the tax to electronically transferred products, and repealing an exemption for publications. Income tax changes include conforming to IRC provisions, creating a capital investment credit, and modifying bonus depreciation calculations. Maine taxpayers should be aware of these recent changes and ensure that processes and procedures are in place to account for the tax changes.

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