§4119. Annual adjustments for inflation
Beginning in 2018 and each year thereafter, on or about September 15th, for the estates of decedents who die during the succeeding calendar year, the assessor shall multiply the cost-of-living adjustment by the dollar amount contained in section 4102, subsection 5 applicable to estates of decedents dying on or after January 1, 2018. For the purposes of this section, the "cost-of-living adjustment" is the Chained Consumer Price Index for the 12-month period ending June 30th of the preceding calendar year divided by the Chained Consumer Price Index for the 12-month period ending June 30, 2017. If the dollar amount, adjusted by the application of the cost-of-living adjustment, is not a multiple of $10,000, any increase must be rounded to the nearest multiple of $10,000. [PL 2019, c. 607, Pt. D, §5 (AMD).]
SECTION HISTORY
PL 2017, c. 474, Pt. G, §2 (NEW). PL 2019, c. 607, Pt. D, §5 (AMD).
Structure Maine Revised Statutes
Part 6: INHERITANCE, SUCCESSION AND ESTATE TAXES
Chapter 577: MAINE ESTATE TAX AFTER 2012
36 §4101. Applicability of provisions
36 §4103. Tax on estate of resident
36 §4104. Tax on estate of nonresident
36 §4105. Personal representative's liability for tax
36 §4106. Discharge of personal representative's personal liability
36 §4107. Tax due date; filing of return and payment of tax
36 §4108. Extension of due date for payment of tax
36 §4110. Extension of time for filing return
36 §4111. Effect of federal determination
36 §4113. Authority of State Tax Assessor
36 §4114. Amount of tax determined
36 §4115. Authority to make refunds
36 §4116. Appointment of personal representative on probate delay