Sec. 1. 36 MRSA §5122, sub-§2, śL, as amended by PL 1999, c. 708, §35 and c. 731, Pt. S, §2 and affected by §4 and amended by c. 790, Pt. A, §49, is repealed and the following enacted in its place:

L.__For income tax years beginning on or after January 1, 2000, an amount equal to the total premiums spent for qualified long-term care insurance contracts as defined in the Code, Section 7702B(b), as long as the amount subtracted is reduced by the long-term care premiums claimed as an itemized deduction pursuant to section 5125;

Sec. 2. 36 MRSA §5122, sub-§2, śM, as enacted by PL 1999, c. 708, §36 and c. 731, Pt. S, §3 and affected by §4, is repealed and the following enacted in its place:

M.__An amount, for each recipient of benefits under an employee retirement plan, that is the lesser of:

(1)__The following amounts reduced by the total amount of social security benefits and railroad retirement benefits paid by the United States, but not less than $0, for each tax year beginning on or after:

(a)__January 1, 2002 and ending December 31, 2002, $8,000;

(b)__January 1, 2003 and ending December 31, 2003, $9,000;

(c)__January 1, 2004 and ending December 31, 2004, $10,000;

(d)__January 1, 2005 and ending December 31, 2005, $11,000;

(e)__January 1, 2006 and ending December 31, 2006, $12,000;

(f)__January 1, 2007 and ending December 31, 2007, $13,000;

(g)__January 1, 2008 and ending December 31, 2008, $14,000;

(h)__January 1, 2009 and ending December 31, 2009, $15,000;