Maine § 36 §2524 Credit for employer-assisted day care

Maine Statutes

§ 36 §2524 — Credit for employer-assisted day care

Maine § 36 §2524

Title 36TAXATION

Part 4BUSINESS TAXES

Ch. 357INSURANCE COMPANIES

This text of Maine § 36 §2524 (Credit for employer-assisted day care) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 36, § 36 §2524 (2026).

Text

1.Credit allowed. A taxpayer under this chapter constituting an employing unit is allowed a credit against the tax imposed by this chapter for each taxable year equal to the lowest of:

2.Definitions. As used in this section, unless the context indicates otherwise, the following terms have the following meanings.

3.Carryover; carry back. The amount of the credit that may be used by a taxpayer for a taxable year may not exceed the amount of tax otherwise due under this section. Any unused credit may be carried over to the following year or years for a period not to exceed 15 years or it may be carried back for a period not to exceed 3 years.

4.Quality child care services. The credit allowed under subsection 1 doubles in amount if the day care service provided by the taxpayer constitutes

Free access — add to your briefcase to read the full text and ask questions with AI

1.
Credit allowed.
A taxpayer under this chapter constituting an employing unit is allowed a credit against the tax imposed by this chapter for each taxable year equal to the lowest of:
2.
Definitions.
As used in this section, unless the context indicates otherwise, the following terms have the following meanings.
3.
Carryover; carry back.
The amount of the credit that may be used by a taxpayer for a taxable year may not exceed the amount of tax otherwise due under this section. Any unused credit may be carried over to the following year or years for a period not to exceed 15 years or it may be carried back for a period not to exceed 3 years.
4.
Quality child care services.
The credit allowed under subsection 1 doubles in amount if the day care service provided by the taxpayer constitutes quality child care services.
5.
Application.
Except for the unused credit carried over pursuant to subsection 3, a tax credit is not allowed under this section for tax years beginning on or after January 1, 2016.

Legislative History

PL 1987, c. 343, §8 (NEW). PL 1989, c. 502, §B48 (AMD). PL 1999, c. 401, §§NNN1,2 (AMD). PL 1999, c. 401, §§NNN8,9 (AFF). PL 2001, c. 358, §D1 (AFF). PL 2001, c. 396, §§25,26 (AMD). PL 2003, c. 689, §B6 (REV). PL 2015, c. 390, §6 (AMD).