This bill does the following. Part A:
1. Expands the exception to the requirement that liens are notarized that applies to liens filed by the Department of Administrative and Financial Services, Maine Revenue Services to include those filed pursuant to the Maine Revised Statutes, Title 36, Part 9, thereby including liens filed pursuant to the property tax deferral program; and
2. Removes the automatic extension for business equipment tax exemption applications and replaces it with an extension for good cause of up to 3 months, changes the filing deadline to May 1st and removes the requirement for Maine Revenue Services to provide paper copies of the application. Part B:
1. Limits the sales tax exemption for watercraft or materials used in watercraft sold to or used by a person that is not a resident of this State to exclude the lease or rental of watercraft;
2. Clarifies that, for the purposes of the sales tax exemption for sales sourced to tribal land, the sale of a motor vehicle to a tribal member or a tribal entity is sourced to tribal land if the vehicle is intended to be driven or transported to tribal land immediately upon receipt of the vehicle; and
3. Clarifies that the tax levy on casual sales includes casual rentals and applies the existing 15-day safe harbor for the casual rental of living quarters to those rentals. Part C:
1. Updates the exclusion from the calculation of payments to the Loring Job Increment Financing Fund to also exclude state income withholding taxes that are based on the gross wages used to calculate the Maine Employment Tax Increment Financing Program benefit;
2. Specifies that early retirement distributions from an employee retirement plan that are reported as normal distributions are not eligible for the pension income deduction unless part of a series of substantially equal periodic payments made for the life of the primary recipient or the joint lives of the primary recipient and that recipient's designated beneficiary;
3. Clarifies that "reviewed year," in the laws governing income taxation of partnerships, includes the taxable year of a partnership that files an administrative adjustment request from which federal adjustments arise;
4. Specifies that the original due date for calculating interest and penalties of any partnership income tax as a result of a federal adjustment from a partnership audit or administrative adjustment request is the 15th day of the 3rd month following the end of the taxable year of a partnership that was subject to the partnership-level audit or administrative adjustment request; and
5. Corrects a cross-reference in the laws governing employment tax increment financing to reference a qualified Pine Tree Development Zone business.

Statutes affected:
Bill Text LD 68, HP 32: 33.203, 36.693, 36.1760, 36.1764, 5.13080, 36.5122, 36.5195, 36.5196, 36.6753