(1) Income of the taxpayer earned on interest-bearing or similar accounts of the taxpayer at a financial institution as a customer of that financial institution;

(2) Any dividends or other distributions with respect to a taxpayer's ownership interest in a financial institution; and

(3) Any gain recognized on the disposition by the taxpayer of an ownership interest in a financial institution.; and

Sec. 6. 36 MRSA §5122, sub-§2, śL is enacted to read:

L. Contributions or deposits to an individual medical savings account established under chapter 914 subject to the following limitations.

(1)__The taxpayer may subtract:

(a)__The amount of contributions made by the taxpayer's employer during the taxable year to the taxpayer's individual medical savings account to the extent that the employer contributions are included in the taxpayer's federal adjusted gross income; and

(b)__The amount deposited by the taxpayer in the account during the taxable year.

(2)__The taxpayer's employer may subtract the amount of contributions made by the employer to an individual medical savings account established on the taxpayer's behalf to the extent that the contributions are not deductible under the Code.

Sec. 7. 36 MRSA §5164, sub-§1, as enacted by P&SL 1969, c. 154, Sec. F, §1, is amended to read:

1. Fiduciary adjustment defined. The fiduciary adjustment shall must be the net amount of the modifications described in section 5122, including subsection 3 if the estate or trust is a beneficiary of another estate or trust, which relates to items of income or deduction of an estate or trust.

Interest income earned on a trust that is established as an individual medical savings account pursuant to chapter 914 is not