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| 1. Credit allowed. A taxpayer constituting an employing unit | | that employs fewer than 5 low-income employees is allowed a credit | | to be computed as provided in this section against the tax imposed | | by this Part, subject to the limitations contained in subsections 3 | | and 4. The credit equals the lesser of 20% of dependent health | | benefits paid under a health benefit plan during the taxable year | | for which the credit is allowed or $125 per employee with dependent | | health benefits coverage. A taxpayer who received a credit under | | this section in the preceding year and whose number of low-income | | employees is 5 or more may continue to receive the credit for 2 | | years after the last year in which the number of low-income | | employees was fewer than 5. |
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| | | Sec. 48. 36 MRSA §5219-P, sub-§2, as reallocated by RR 1997, c. 2, | | §62, is amended to read: |
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| | | 2. Credit allowed. A taxpayer is allowed a credit against | | the tax imposed by this Part in an amount equal to the qualifying | | percentage of expenditures paid or incurred by the taxpayer for | | the construction or installation of or improvements to any | | filling or charging station in this State for the purposes of | | providing clean fuels to the general public for use in motor | | vehicles, as calculated pursuant to subsection 4. |
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| | | Sec. 49. 36 MRSA §5228, sub-§3, as amended by PL 1991, c. 591, Pt. | | DDD, §1 and affected by §2, is further amended to read: |
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| | | 3. Amount of estimated tax to be paid. Every person required | | to make payment of estimated tax is liable for an estimated tax | whichhowever, | | large corporations as defined in the United States Internal | Revenue Code, Section 6655(q) | | paragraph B, except as provided in subsection 5, paragraph C: |
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| | | A. An amount equal to the preceding year's state income tax | | liability, if that preceding year was a taxable year of 12 | | months; or |
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| | | B. An amount equal to 90% of the income tax liability for | | the current year determined without taking into account the | | current year's investment tax credit set forth in section | | 5219-E, except that for farmers and persons who fish | | commercially, this amount is 66 2/3% of the tax liability | | for the current year. |
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| | | Sec. 50. 36 MRSA §5228, sub-§5, śC, as enacted by PL 1991, c. 9, Pt. | | DD, §3 and affected by §4, is amended to read: |
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