#BudgetConformity

Tax committee advances many supplemental budget conformity items, records mixed straw‑polls on depreciation and charitable deduction The Joint Standing Committee on Taxation recommended numerous conformity items from the governor’s supplemental budget into its memo to appropriations, but members split on bonus/accelerated depreciation and a new nonitemizer charitable deduction; several items (R&D phase‑in, QSBS, opportunity zones) were held for further study.

Maine's tax committee just took a major step forward, but not without heated debates on key issues like business tax conformity and charitable deductions!

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