CHAPTER 110

H.P. 747 - L.D. 1094

Resolve, To Study Adoption of the Streamlined Sales and

Use Tax Agreement

Sec. 1. Report and legislation regarding Streamlined Sales and Use Tax Agreement. Resolved: That the Department of Administrative and Financial Services, Bureau of Revenue Services shall prepare for submission to the Second Regular Session of the 122nd Legislature a report that:

1. Identifies any changes to the Maine Revised Statutes that are needed in order to conform the State's laws to the Streamlined Sales and Use Tax Agreement and the options available to provide conformity;

2. Identifies the impact of each option identified pursuant to subsection 1; and

3. Identifies and explains any fiscal and policy issues associated with conformity with the Streamlined Sales and Use Tax Agreement.

The bureau shall submit its report, along with legislation conforming the State's sales and use tax law with the Streamlined Sales and Use Tax Agreement in a manner that, as nearly as possible, maintains the State's current sales and use tax laws no later than January 15, 2006.