Maine AFLCIO logo

Maine AFL-CIO

Legislative Scorecard

LD 1337 - Tax Fairness

(2024)

An Act to Require a Corporation That Files a Tax Return in the State to File a Tax Disclosure Statement

LD 1337 bill text Maine AFL-CIO Supported

Sponsored by Representative Ann Matlack

What is the bill?

Big corporations deploy complicated tax loopholes and accounting schemes to avoid paying the taxes they owe. From 2018-2023, 109 of the biggest corporations in the US paid $0 in federal taxes in at least one year. LD 1337 would provide data on corporate income tax avoidance by requiring reporting of corporate income tax data for the largest corporations doing business in Maine.

What happened?

Enacted into law (Passed by the Legislature, Became Law Without Governor’s Signature)

Votes

Senate

22 Pro-labor 11 Anti-labor

House

82 Pro-labor 63 Anti-labor