| Be it enacted by the People of the State of Maine as follows: |
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| | Sec. 1. 5 MRSA c. 144-A is enacted to read: |
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| INTEREST ON REFUNDS OF TAXES AND FEES |
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| | As used in this chapter, unless the context otherwise | indicates, the following terms have the following meanings. |
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| | 1.__Commissioner.__"Commissioner" means the Commissioner of | Administrative and Financial Services. |
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| | 2.__Fee.__"Fee" means any amount of money that is required to | be paid by an individual, a business or a corporation to the | State or a state agency for any service, license or application, | including, but not limited to, all license fees, application | fees, examination fees and annual assessments. |
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| | 3.__State agency.__"State agency" has the same meaning as in | section 1552, subsection 6. |
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| | 4.__Tax.__"Tax" means any tax assessed pursuant to Title 36, | except those taxes assessed pursuant to Title 36, Parts 2, 3 or | 8.__"Tax" does not include taxes assessed pursuant to Title 26, | chapter 13. |
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| §1562.__Refunds of fees or taxes; interest payment required |
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| | A state agency that collects a fee or tax and charges interest | when the fee or tax is not received by a specific due date shall | pay interest at the annual interest rate established by the State | Tax Assessor under Title 36, section 186 when a refund of that | fee or tax is required.__The interest must be calculated as | described by Title 36, section 186 from the date of the payment | or payments of the fee or tax.__The commissioner shall adopt | rules pursuant to the Maine Administrative Procedure Act to | implement this chapter.__Rules adopted pursuant to this section | are routine technical rules as defined in Title 5, chapter 375, | subchapter II-A. |
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| | This bill requires state agencies that collect certain taxes | and fees and charge interest on overdue taxes or fees to pay | interest on refunds from the date of the overpayment. This new |
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