LD 468
pg. 269
Page 268 of 348 An Act Making Unified Appropriations and Allocations for the Expenditures of St... Page 270 of 348
Download Bill Text
LR 2149
Item 1

 
Financial Services shall review the current organizational
structure of administrative hearings units and the proceedings
conducted by those units to improve organizational efficiency and
cost effectiveness, including but not limited to adjudicatory
proceedings conducted pursuant to the Maine Revised Statutes, Title
5, chapter 375, subchapter 4; workers' compensation proceedings
conducted pursuant to Title 39-A, chapter 7, subchapter 1; other
due process hearings; and licensing disciplinary proceedings. The
commissioner shall inform the State Budget Officer of the amount of
savings from the improvements identified and implemented as a
result of the review. Notwithstanding any other provision of law,
the State Budget Officer shall transfer the amounts by financial
order upon approval of the Governor. These transfers are considered
adjustments to appropriations and allocations in fiscal years 2005-
06 and 2006-07.

 
PART L

 
Sec. L-1. 36 MRSA §5122, sub-§1, ¶V, as amended by PL 2003, c. 705, §8,
is further amended to read:

 
V. For tax years beginning on or after January 1, 2003 and
before January 1, 2006, the amount claimed as a federal
income adjustment for student loan interest under the Code,
Section 62 (a)(17), but only for interest paid after 60
months from the start of the loan repayment period; and

 
Sec. L-2. 36 MRSA §5218, sub-§1, as amended by PL 2003, c. 20, Pt. FF,
§1, is further amended to read:

 
1. Resident taxpayer. A resident individual is allowed a
credit against the tax otherwise due under this Part in the
amount of 25% of the federal tax credit allowable for child and
dependent care expenses in the same tax year, except that for tax
years beginning in 2003, 2004 and 2005 after 2002, the applicable
percentage is 21.5% instead of 25%.

 
Sec. L-3. 36 MRSA §5218, sub-§2, as amended by PL 2003, c. 391, §10,
is further amended to read:

 
2. Nonresident or part-year resident taxpayer. A nonresident
individual is allowed a credit against the tax otherwise due
under this Part in the amount of 25% of the federal tax credit
allowable for child and dependent care expenses multiplied by the
ratio of the individual's Maine adjusted gross income, as defined
in section 5102, subsection 1-C, paragraph B, to the individual's
entire federal adjusted gross income, as modified by section
5122,
except that for tax years beginning in


Page 268 of 348 Top of Page Page 270 of 348