Maine § 5202-E. - Report on corporate income tax data reporting
Full text of Maine Maine Revised Statutes § 5202-E. — Report on corporate income tax data reporting, with citation guidance and answers to common questions.
§ 5202-E.. Report on corporate income tax data reporting
1. Report. Beginning January 31, 2025 and biennially thereafter, the bureau shall, consistent with section 191, provide a report on corporate income tax to the joint standing committee of the Legislature having jurisdiction over taxation matters. The report must include the following:
A. Of the 50 largest for-profit employers in the State as measured by payroll withholding, for which there is complete data, the number that paid zero state corporate income tax in the 4 most recent tax years or received a refunded portion of a refundable credit; [PL 2023, c. 627, §1 (NEW).]
B. The number of corporations that filed corporate income taxes that reported over $50,000,000, over $100,000,000, over $250,000,000 and over $1,000,000,000 in federal taxable income for the 2 previous tax years; [PL 2023, c. 627, §1 (NEW).]
C. For each income range identified in paragraph B:
(2) The total income apportioned to the State; and
(3) The number of filers that reported zero or less total corporate income tax due for the 4 most recent tax years for which there is complete data; [PL 2023, c. 627, §1 (NEW).]
D. The percentage of corporations that filed corporate income taxes doing business in the State that reported total corporate income tax due of zero or less for the 4 most recent tax years for which there is complete data; [PL 2025, c. 390, Pt. A, §57 (AMD).]
E. The percentage of corporations that filed corporate income taxes doing business in the State that reported federal taxable income of greater than zero and reported total Maine corporate income tax due of zero or less for the 4 most recent tax years for which there is complete data; and [PL 2023, c. 627, §1 (NEW).]
F. The percentage of corporations that filed corporate income taxes doing business in the State that reported federal taxable income of greater than zero and reported zero income apportioned to the State of adjusted federal income. [PL 2023, c. 627, §1 (NEW).]
For the purposes of this section, "corporate" and "corporation" include C corporations and limited liability companies taxed as corporations in the State.
Source: official Maine text · Last verified 2026-08-27
Frequently Asked Questions About Maine § 5202-E.
What does Maine Revised Statutes § 5202-E. cover?
Section 5202-E. ("Report on corporate income tax data reporting") is part of the Maine Revised Statutes, the codified statutory law of Maine. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maine § 5202-E.?
A common citation format is "Maine Revised Statutes § 5202-E." (Maine). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maine law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maine official source linked on this page or consult a licensed Maine attorney.
How does Maine § 5202-E. apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maine can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maine.