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beginning on or after January 1, 2000 but before January 1, 2006, a | | resident individual is allowed $2,850 for each exemption that the | | individual properly claims for the taxable year for federal income | | tax purposes, unless the taxpayer is claimed as a dependent on | | another return. For tax years beginning on or after January 1, | | 2006, a resident individual is allowed the same amount allowed | | under Section 151 of the Code for each exemption that the | | individual properly claims for the taxable year for federal income | | tax purposes, unless the taxpayer is claimed as a dependent on | | another return. |
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| | | Sec. B-3. Application. This Part applies to tax years beginning on | | or after January 1, 2006. |
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| | | Sec. C-1. 36 MRSA §5218, sub-§1, as amended by PL 2005, c. 12, Pt. L, | | §2, is further amended to read: |
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| | | 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 to 2006 | | is 21.5% instead of 25%. |
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| | | Sec. C-2. 36 MRSA §5218, sub-§2, as amended by PL 2005, c. 12, Pt. L, | | §3, is further amended to read: |
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| | | 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 2003 to 2006 | | the applicable percentage is 21.5% instead of 25%. |
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| | | Sec. C-3. 36 MRSA §5218, sub-§2-A, as amended by PL 2005, c. 12, Pt. | | L, §4, is further amended to read: |
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| | | 2-A. Part-year resident taxpayer. An individual who files a | | return as a part-year resident in accordance with section 5224-A | | is allowed a credit against the tax otherwise due under this Part | | in the amount of 25%, except that for tax years beginning in 2003 | to 2006 | | of the federal tax credit allowable for child and |
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