"With mutual fund companies considering expanding into Maine, officials" by Lee Burnett
 

Title

With mutual fund companies considering expanding into Maine, officials are tryin

Authors

Lee Burnett

Source

Maine Times

Date

2-3-2000

Pages

14

Abstract

With mutual fund companies considering expanding into Maine, officials are trying to influence their decisions by offering a tax break. The Legislature's Taxation Committee recently voted against revamping the entire formula for calculating corporate income taxes, but a more limited bill exempting the mutual fund industry from corporate income tax was scheduled for hearing on Feb. 1 by the same committee. A corporate income tax break would put mutual fund companies on a similar tax footing with banks and insurance companies in Maine. The state currently collects about $100 million a year in corporate income tax.

Subjects

Mutual funds

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