Whereas, the 90-day period would delay the processing of the year 2000 income tax returns; and

Whereas, legislative action is immediately necessary to ensure continued and efficient administration of the Maine income tax law and certain other state taxes; and

Whereas, in the judgment of the Legislature, these facts create an emergency within the meaning of the Constitution of Maine and require the following legislation as immediately necessary for the preservation of the public peace, health and safety; now, therefore,

Be it enacted by the People of the State of Maine as follows:

Sec. 1. 36 MRSA §111, sub-§1-A, as amended by PL 1999, c. 548, §1 and affected by §2, is further amended to read:

1-A. Code. "Code" means the United States Internal Revenue Code of 1986 and amendments to that Code as of December 31, 1999 2000.

Sec. 2. Application. This Act applies to tax years beginning on or after January 1, 2000.

Emergency clause. In view of the emergency cited in the preamble, this Act takes effect when approved.

SUMMARY

This bill updates references contained in the Maine Revised Statutes, Title 36 to the Internal Revenue Code as amended through December 31, 2000 for tax years beginning on or after January 1, 2000.

The State's income tax returns for 2000 have been prepared in anticipation of continued conformity.