| | |
expenditures required for lead abatement pursuant to Title 22, | | chapter 252 is allowed a credit of up to a maximum of $1,000 | | against the tax otherwise due under this Part, including the tax | | imposed by section 5203-A, for the amount that the preschool or | | small preschool facility paid during the taxable year for lead | | abatement on the premises of the facility. |
|
| | | Emergency clause. In view of the emergency cited in the preamble, | | this Act takes effect when approved. |
|
| | | This bill establishes the Lead Abatement Revolving Loan Fund | | to make loans to preschool and small preschool facilities that | | are required to incur lead abatement expenses. The fund is | | administered by the Maine State Housing Authority. The bill also | | allows a tax credit of up to $1000 to a preschool or small | | preschool facility that incurs expenditures for lead abatement | | pursuant to the Maine Revised Statutes, Title 22, chapter 252. |
|
|
