The proposed amendment would have lawmakers plan how Maine collects and shares tax incentive information, with a report due in October 2026.
A legislative task force would plan how to gather state tax incentive data consistently and make it easier to review and share.
Review committees would prioritize tax break reviews, favoring business incentives over tax relief aimed mainly at individuals when choosing full reviews.
A legislative task force would plan how the state gathers and shares information about tax breaks and incentives. The plan would cover state tax breaks and other incentives. The task force would identify which tax breaks and other incentives to include and the resources needed to carry out its plan. The task force would send its report, including any recommended legislation, by October 30, 2026.
The tax review committee, working with a policy committee, would set and update a prioritized schedule for reviewing tax breaks. The schedule would cover tax breaks assigned to review categories. When practical, the committees would group tax breaks with similar goals. When prioritizing full reviews, they would give business incentives priority over tax breaks aimed mainly at individual tax relief and consider scheduled expirations. The committee would review assignments and the schedule by October 1 each year and, beginning in 2026, also by February 15 each year.
No hearings or votes scheduled.