Maine Revenue Services Amends Regulation on Corporate Income Tax Nexus

Maine Revenue Services May 3 amended a regulation on corporate income tax nexus. The rule includes measures: 1) defining certain terms; 2) stating the general corporate nexus rule and special rules that apply to tax years beginning prior to and on or after Jan. 1, 2022; 3) specifying that for taxable years beginning on or after Jan. 1, 2022, a corporation that is an out-of-state supplier of spirits sold to the Bureau of Alcoholic Beverages and Lottery Operations (BABLO) within the Department of Administrative and Financial Services (including a contractor or agent of BABLO) may not be considered to have ...