§ 651 Employee Suggestion System

Terms Used In Maine Revised Statutes > Title 5 > Part 2 > Chapter 56-A - Employee Awards

  • Affiliated group: means a group of 2 or more financial institutions in which more than 50% of the voting interest of each member financial institution is directly or indirectly owned by a common owner or owners, either corporate or noncorporate, or by one or more of the member financial institutions. See Maine Revised Statutes Title 36 Sec. 5206-D
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Billing address: means the location indicated in the books and records of the taxpayer on the first day of the taxable year or on a later date in the taxable year when the customer relationship began as the address where any notice, statement or bill relating to a customer's account is mailed. See Maine Revised Statutes Title 36 Sec. 5206-D
  • Board: means the Employee Suggestion System Board established in subsection 3. See Maine Revised Statutes Title 5 Sec. 651
  • board: means the Maine Board of Tax Appeals as established in Title 5, section 12004?B, subsection 10. See Maine Revised Statutes Title 36 Sec. 111
  • Borrower or credit card holder located in this State: means :
A. See Maine Revised Statutes Title 36 Sec. 5206-D
  • Code: means the United States Internal Revenue Code of 1986 and amendments to that Code as of December 31, 2022. See Maine Revised Statutes Title 36 Sec. 111
  • Commercial domicile: means the place from which trade or business is principally managed and directed. See Maine Revised Statutes Title 36 Sec. 5206-D
  • Compensation: includes amounts paid to an employee-leasing company for leased employees and amounts paid to a temporary services company for temporary employees, pursuant to a contract between the taxpayer and an employee-leasing company or temporary services company. See Maine Revised Statutes Title 36 Sec. 5206-D
  • Credit card: means a credit, travel or entertainment card. See Maine Revised Statutes Title 36 Sec. 5206-D
  • Employee-leasing company: means a business that contracts with client companies to supply workers to perform services for client companies, except that the term "employee-leasing company" does not include private employment agencies that provide workers to client companies on a temporary help basis. See Maine Revised Statutes Title 36 Sec. 5206-D
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Financial institution: means :
    • A. See Maine Revised Statutes Title 36 Sec. 5206-D
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Leased employee: means an individual who performs services for a client company pursuant to a contract between the client company and an employee-leasing company. See Maine Revised Statutes Title 36 Sec. 5206-D
  • Loan: includes participations, syndications and leases treated as loans for federal income tax purposes. See Maine Revised Statutes Title 36 Sec. 5206-D
  • Maine assets: means a financial institution's total end-of-year assets required to be reported pursuant to the laws of the United States on Internal Revenue Service Form 1120, 1120S, 1065 or any other Internal Revenue Service form used to report end-of-year assets or, in the case of an entity with a single owner that may be disregarded as an entity separate from its owner pursuant to Internal Revenue Service regulations, the financial institution's total end-of-year assets determined as if the entity were required to file Internal Revenue Service Form 1065, multiplied by the fraction obtained pursuant to Maine Revised Statutes Title 36 Sec. 5206-D
  • Maine net income: means , for any taxable year, a financial institution's net income or loss per books required to be reported pursuant to the laws of the United States on Internal Revenue Service Form 1120, 1120S, 1065 or any other Internal Revenue Service form used to report net income or loss per books or, in the case of an entity with a single owner that may be disregarded as an entity separate from its owner pursuant to Internal Revenue Service regulations, the financial institution's net income or loss per books determined as if the entity were required to file Internal Revenue Service Form 1065, and apportioned to this State under Maine Revised Statutes Title 36 Sec. 5206-D
  • Merchant discount: means the fee or negotiated discount charged to a merchant by the taxpayer for privilege of participating in a program when a credit card is accepted in payment for merchandise or services sold to the card holder. See Maine Revised Statutes Title 36 Sec. 5206-D
  • Month: means a calendar month. See Maine Revised Statutes Title 1 Sec. 72
  • Notice: means written notification served personally, sent by certified mail or sent by first-class mail to the last known address of the person for whom the notification is intended. See Maine Revised Statutes Title 36 Sec. 111
  • Participation: means an extension of credit in which an undivided ownership interest is held on a pro rata basis in a single loan or pool of loans and related collateral. See Maine Revised Statutes Title 36 Sec. 5206-D
  • Person: means an individual, firm, partnership, association, society, club, corporation, financial institution, estate, trust, business trust, receiver, assignee or any other group or combination acting as a unit, the State or Federal Government or any political subdivision or agency of either government. See Maine Revised Statutes Title 36 Sec. 111
  • principal base of operations: means the place of more or less permanent nature from which the property is regulated, directed or controlled. See Maine Revised Statutes Title 36 Sec. 5206-D
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Regular place of business: means an office at which the taxpayer carries on its business in a regular and systematic manner and that is continuously maintained, occupied and used by employees of the taxpayer. See Maine Revised Statutes Title 36 Sec. 5206-D
  • Return: means any document, digital file or electronic data transmission containing information required by this Title to be reported to the State Tax Assessor. See Maine Revised Statutes Title 36 Sec. 111
  • State: means a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, any territory or possession of the United States or any foreign country. See Maine Revised Statutes Title 36 Sec. 5206-D
  • Syndication: means an extension of credit in which 2 or more persons fund that credit and each person is at risk only up to a specified percentage of the total extension of credit or up to a specified dollar amount. See Maine Revised Statutes Title 36 Sec. 5206-D
  • System: means the Employee Suggestion System established in subsection 2. See Maine Revised Statutes Title 5 Sec. 651
  • Tax: means the total amount required to be paid, withheld and paid over or collected and paid over with respect to estimated or actual tax liability under this Title, any credit or reimbursement allowed or paid pursuant to this Title that is recoverable by the assessor and any amount assessed by the assessor pursuant to this Title, including any interest or penalties provided by law. See Maine Revised Statutes Title 36 Sec. 111
  • Taxpayer: means a financial institution as defined in subsection 8. See Maine Revised Statutes Title 36 Sec. 5206-D
  • Temporary help: means employee services provided to client companies for a contractual period of less than 12 months. See Maine Revised Statutes Title 36 Sec. 5206-D
  • Temporary services company: means a private employment agency, other than an employee-leasing company, that provides workers to client companies on a temporary help basis. See Maine Revised Statutes Title 36 Sec. 5206-D
  • Transportation property: means vehicles and vessels capable of moving under their own power, such as aircraft, trains, water vessels and motor vehicles, as well as any equipment or containers attached to those vehicles and vessels, such as rolling stock, barges or trailers. See Maine Revised Statutes Title 36 Sec. 5206-D
  • Unitary business: means a business activity that is characterized by unity of ownership, functional integration, centralization of management and economies of scale. See Maine Revised Statutes Title 36 Sec. 5206-D