We have joined forces with a coalition of other business groups to urge Governor Baldacci to veto tax reform legislation rushed through the Legislature in under 24 hours. The Legislature acted too quickly when it enacted within a span of 24 hours the most major change in Maine tax law in 40 years, leaving up in the air many unknown effects and unresolved questions.
The Senate and House are scheduled to meet Monday-Friday this week and possibly Saturday, as the session heads toward adjournment. Key tasks remaining include enactment of the Highway Budget and agreement on bonds to present to voters for approval. We are urging the governor to veto tax reform legislation jammed through the Statehouse in 24 hours.
Last week, the Legislature rushed through the biggest change in Maine taxes since at least 1969. In 24 hours - from Thursday afternoon to Friday afternoon - the Senate and House enacted LD 1088 (tax reform) and sent the bill to Governor John Baldacci for his signature. Check the list to see how this reform will impact your bottom line.
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