§5252. Credit for tax withheld
Wages and other items of income upon which tax is required to be withheld are taxable under this Part as if no withholding were required, but the amount of tax actually deducted and withheld under this chapter in a calendar year is deemed to have been paid to the assessor on behalf of the person from whom withheld, and the person is credited with having paid that amount of tax for the taxable year beginning in the calendar year. If more than one taxable year begins in a calendar year, the amount is allowed as a credit for the most recent taxable year. [PL 1995, c. 639, §27 (AMD).]
SECTION HISTORY
P&SL 1969, c. 154, §F1 (NEW). PL 1981, c. 371, §3 (AMD). PL 1995, c. 639, §27 (AMD).
Structure Maine Revised Statutes
Chapter 827: WITHHOLDING OF TAX
36 §5250. Employer to withhold tax from wages
36 §5250-A. Withholding on sales of real estate
36 §5250-B. Withholding on pass-through entity income of nonresident partners and shareholders
36 §5251. Information statement
36 §5251-A. Fraudulent statement or failure to furnish statement
36 §5252. Credit for tax withheld
36 §5253. Return and payment of tax withheld
36 §5254. Liability for withheld taxes
36 §5255-A. Injunction (REPEALED)
36 §5255-B. Certain items of income under the United States Internal Revenue Code