LD 308
pg. 1
LD 308 Title Page An Act To Extend the Tax Credit for Clean Fuel Infrastructure Development LD 308 Title Page
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LR 893
Item 1

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

 
Sec. 1. 36 MRSA §5219-P, sub-§4, ¶B, as reallocated by RR 1997, c. 2,
§62, is amended to read:

 
B. Twenty-five percent for expenditures made from January
1, 2002 to December 31, 2005 2008.

 
Sec. 2. 36 MRSA §5219-P, last ¶, as reallocated by RR 1997, c. 2, §62,
is amended to read:

 
This section is effective for tax years beginning on or after
January 1, 1999 and is repealed for tax years ending on or after
January 1, 2006 2009.

 
SUMMARY

 
This bill extends the tax credit given for the construction or
improvements to any filling station for the purpose of providing
clean fuels to the general public for use in motor vehicles. The
tax credit is scheduled to end December 31, 2005; this bill
extends the credit for 3 years to December 31, 2008.


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