Taxation committee tables Educational Opportunity Tax Credit bill to allow further work
On Tuesday, May 4, the Taxation committee voted unanimously to table LD 798, An Act to Improve the Educational Opportunity Tax Credit, sponsored by Sen. Matthew Pouliot (R-Kennebec). The committee pledged to work to meld parts of four other bills into this one, in an attempt to simplify the credit. The committee voted “ought not to pass” on four other bills dealing with the Maine Educational Opportunity Tax Credit:
The committee asked interested parties such as the Maine Department of Economic and Community Development, Maine Revenue Services, all of the bills’ sponsors to work to develop an unanimous amendment to LD 798, with the intent of making the credit easier to understand and to simplify it.
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