US Lawyer Database

36 §7125. Relationship to state law

§7125. Relationship to state law No provision of the agreement in whole or in part invalidates or amends any other provision of this Title or of any other law of this State. Adoption of the agreement by the State Tax Assessor does not amend or modify any law of this State. Implementation of any condition […]

36 §7126. Agreement requirements

§7126. Agreement requirements The State Tax Assessor may not enter into the agreement unless the agreement requires each state to abide by the following requirements.   [PL 2001, c. 496, §1 (NEW).] 1.  Uniform state rate.  The agreement must set restrictions to achieve over time more uniform state rates through:   A. Limiting the number […]

36 §7127. Cooperating sovereigns

§7127. Cooperating sovereigns The agreement is an accord among individual cooperating sovereigns in furtherance of their governmental functions. The agreement provides a mechanism among the member states to establish and maintain a cooperative, simplified system for the application and administration of sales and use taxes under the duly adopted law of each member state.   […]

36 §7128. Limited binding and beneficial effect

§7128. Limited binding and beneficial effect 1.  Generally.  The agreement binds and inures only to the benefit of this State and the other member states. A person, other than a member state, may not be an intended beneficiary of the agreement. Any benefit to a person other than a state is established by the laws […]

36 §6856. Accelerated credit

§6856. Accelerated credit Beginning July 1, 1999, if a certified applicant has employment in any calendar year of at least 5,500, the credit authorized in section 6853 must be increased to $3,125,000. If employment is at least 6,000, the credit must be increased to $3,250,000. If employment is at least 6,500, the credit must be […]

36 §6857. Decelerated credit

§6857. Decelerated credit Beginning July 1, 2003, if a certified applicant has employment in any calendar year of less than 5,000 but equal to or greater than 4,500, the credit authorized in section 6853 must be decreased to $2,875,000. If employment is less 4,500 but equal to or greater than 4,000, the credit must be […]

36 §6858. Maine preference

§6858. Maine preference As part of the contractual inducement for the qualified applicant to make a qualified investment and for the State to provide the credit pursuant to this chapter, the qualified applicant agrees when awarding contracts, purchasing supplies or subcontracting work related to a qualified investment or qualified ship to give, to the greatest […]