LD 1319
pg. 409
Page 408 of 423 An Act Making Unified Appropriations and Allocations for the Expenditures of St... Page 410 of 423
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LR 2000
Item 1

 
Part Y delays the implementation of the Fire Insurance
Premium Tax special assessment.

 
PART Z

 
Part Z delays the tax exemption for equipment used for the
broadcast of radio and television broadcast signals.

 
PART AA

 
Part AA provides for increases in state tax revenues through
the 2003 Maine Tax Amnesty Program and through increased tax
enforcement efforts by Maine Revenue Services.

 
PART BB

 
Part BB adjusts the exemption amount for the Homestead
Property Tax Exemption Program and it also adjusts the local
assessed value of the exemption.

 
PART CC

 
Part CC amends the current provisions concerning taxes paid
by insurance by adding annuity considerations for tax
purposes.

 
PART DD

 
Part DD postpones by one year the educational attainment
investment credit and the recruitment credit available under
the insurance premiums tax and individual and corporate income
taxes.

 
PART EE

 
Part EE extends the period for recapturing the bonus
depreciation add-back under the income tax laws.

 
PART FF

 
Part FF provides for a temporary reduction in the dependent
care tax credit rate to 21.5%.

 
PART GG

 
Part GG provides for a temporary reduction in the earned
income tax credit rate to 4.92%.

 
PART HH

 
Part HH delays the increase in standard deduction for joint
income tax filers.


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