The Maine Senate introduced a bill that would update Maine’s Internal Revenue Code (IRC) conformity date to December 31, 2017. The change would apply to tax years beginning on or after January 1, 2017. The current conformity date is December 31, 2016.
IRC conformity applies to corporate and personal income tax rules.
S.P. 612, introduced in the Maine Senate on November 27, 2017
Minnesota recently enacted IRC conformity legislation.