An Act To Update References To The United States Internal Revenue Code Of 1986 Contained In The Maine Revised Statutes

This bill updates Maine's tax laws to reference the current version of the federal Internal Revenue Code (as amended through December 31, 2024), replacing outdated references to the 1986 Code as of December 31, 2023. It directly affects Maine taxpayers and state tax administrators by ensuring state tax processing aligns with the most recent federal tax code. The key change modifies Maine Revised Statutes §111 to use the updated reference date, effective for tax years beginning on or after January 1, 2024. This procedural update prevents delays in processing 2024 income tax returns and ensures state tax administration remains synchronized with federal law.