(2) The minimum tax imposed by section 5203-A 5203-C; and

(3) The tax surcharge imposed by section 5203-B; and

Sec. JJ-7. 36 MRSA §5219-N, sub-§2, ¶B, as enacted by PL 1997, c. 557, Pt. E, §1 and affected by §2 and Pt. G, §1, is amended to read:

B. An individual who is subject to the state minimum tax imposed by section 5203-A 5203-C.

Sec. JJ-8. Application. This Part applies to tax years beginning on or after January 1, 2004.

PART KK

Sec. KK-1. 36 MRSA §186, as amended by PL 2001, c. 583, §9 and affected by §24, is further amended to read:

§186. Interest

Any person who fails to pay any tax, other than a tax imposed pursuant to chapter 105, on or before the last date prescribed for payment is liable for interest on the tax, calculated from that date and compounded monthly. The rate of interest for any calendar year equals the highest prime rate as published in the Wall Street Journal on the first day of September of the preceding calendar year or, if the first day of September falls on a weekend or holiday, on the next succeeding business day, rounded up to the next whole percent plus 2 3 percentage points. For purposes of this section, the last date prescribed for payment of tax must be determined without regard to any extension of time permitted for filing a return. A tax that is upheld on administrative or judicial review bears interest from the date on which payment would have been due in the absence of review. Any tax, interest or penalty imposed by this Title that has been erroneously refunded and is recoverable by the assessor bears interest at the above rate from the date of payment of the refund. Interest accrues automatically, without being assessed by the assessor, and is recoverable by the assessor in the same manner as if it were a tax assessed under this Title. If the failure to pay a tax when required is explained to the satisfaction of the assessor, the assessor may abate or waive the payment of all or any part of that interest.