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Section 63, except that for tax years beginning in 2003, 2004 and | 2005 | | the basic standard deduction is $5,000 in the case of a joint | | return and a surviving spouse and $2,500 in the case of a married | | individual filing a separate return. |
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| | | Sec. P-6. 36 MRSA §5125, sub-§3, ¶A, as amended by PL 2003, c. 390, | | §34, is further amended to read: |
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| | | A. Reduced by any amount attributable to income taxes or | | sales and use taxes imposed by this State or any other | | taxing jurisdiction; |
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| | | Sec. P-7. 36 MRSA §5200-A, sub-§1, ¶N, as amended by PL 2003, c. 588, | | §16, is further amended to read: |
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| | | N. With respect to property placed in service during the | | taxable year, an amount equal to the net increase in | | depreciation or expensing attributable to: |
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| | | (1) For taxable years beginning on or after January 1, | | 2002 but prior to January 1, 2006, a 30% bonus | | depreciation deduction claimed by the taxpayer pursuant | | to Section 101 of the federal Job Creation and Worker | | Assistance Act of 2002, Public Law 107-147 with respect | | to property placed in service during the taxable year; |
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| | | (2) For taxable years beginning on or after January 1, | | 2002 but prior to January 1, 2006, a 50% bonus | | depreciation deduction claimed by the taxpayer pursuant | | to Section 201 of the federal Jobs and Growth Tax | | Relief Reconciliation Act of 2003, Public Law 108-27 | | with respect to property placed in service during the | | taxable year; and |
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| | | (3) For taxable years beginning on or after January 1, | 2003 but prior to January 1, 2006 | | aggregate cost claimed under Section 179 of the Code | | pursuant to Section 202 of the federal Jobs and Growth | | Tax Relief Reconciliation Act of 2003, Public Law 108- | | 27 or pursuant to Section 201 of the federal American | | Jobs Creation Act of 2004, Public Law 108-357; |
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| | | Sec. P-8. 36 MRSA §5200-A, sub-§1, ¶P, as amended by PL 2003, c. 20, | | Pt. II, §3, is further amended to read: |
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