| | | A-1. Fifty percent of that portion of the benefit base that | | exceeds 4% but does not exceed 8% of income plus 100% of | | that portion of the benefit base that exceeds 8% of income | | to a maximum payment of $1,000. |
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| | | The State Tax Assessor shall increase the maximum payment amount | | provided in paragraph A-1 no later than August 15, 2007, and | | annually thereafter, by an amount determined by the sum of any | | funds in the so-called circuit breaker reserve under section | | 6203-A as of July 1st of the fiscal year.__In any fiscal year, | | the maximum payment amount arising from the adjustment made by | | the State Tax Assessor may not be less than in the prior fiscal | | year.__The maximum payment amount must be rounded down to the | | nearest $50. |
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| | | 2. Income eligibility. Single-member households with | household incomes in excess of $25,700 | | with 2 or more members with a household income in excess of | $40,000 |
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| | | Sec. JJ-1. 36 MRSA §6656, as amended by PL 2001, c. 714, Pt. BB, §2 | | and affected by §4, is further amended to read: |
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| | | Except as provided in section 6652, subsection 3, upon receipt | | of a timely and properly completed claim for reimbursement, the | | State Tax Assessor shall certify that the claimant is eligible | for reimbursement and shall pay the amount claimed from the | General Fund | | within 90 days after receipt of the claim, whichever is later. | | For those claims for which payments are withheld pursuant to | | section 6652, subsection 3, reimbursement must be paid within 90 | | days after the assessor receives notification under that | | subsection that the report has been received. |
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| | | Notwithstanding any other provision of law, the State Tax | | Assessor shall determine the benefit for each claimant under this | | chapter and certify the amount to the State Controller to be | | transferred to the Business Equipment Tax Reimbursement reserve | | account established, maintained and administered by the State | | Controller from General Fund undedicated revenue within the | | individual income tax category.__The assessor shall pay the | | certified amounts to each approved applicant qualifying for the | | benefit under this chapter.__Interest is not allowed on any | | payment made to a claimant pursuant to this chapter. |
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