| | | O.__To the extent not included in itemized deductions under | | section 5125, an amount equal to the taxpayer's donations up | | to $20,000 to organizations described in Section 501(c)(3) | | of the Code that are incorporated or based in the State. |
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| | | Sec. 3. Application. This Act applies to tax years beginning on or | | after January 1, 2001. |
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| | | This bill proposes an income tax deduction of up to $20,000 | | for donations to Maine-based charitable organizations to the | | extent that those donations are not already included in itemized | | deductions. |
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| | | This bill also corrects a conflict created by Public Law 1999, | | chapters 708 and 731, each of which enacted a new Maine Revised | | Statutes, Title 36, section 5122, subsection 2, paragraph M. | | This bill resolves the conflict by reallocating one of the new | | paragraphs to be Title 36, section 5122, subsection 2, paragraph | | N. |
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