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dependent care expenses multiplied by a ratio, the numerator of | | which is the individual's Maine adjusted gross income as defined in | | section 5102, subsection 1-C, paragraph A for that portion of the | | taxable year during which the individual was a resident plus the | | individual's Maine adjusted gross income as defined in section | | 5102, subsection 1-C, paragraph B for that portion of the taxable | | year during which the individual was a nonresident and the | | denominator of which is the individual's entire federal adjusted | | gross income, as modified by section 5122. |
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| | | Sec. C-4. Application. This Part applies to tax years beginning on | | or after January 1, 2006. |
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| | | Sec. D-1. 36 MRSA §5219-S, as amended by PL 2003, c. 20, Pt. GG, §1, | | is further amended by adding at the end a new paragraph to read: |
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| | | For tax years beginning on or after January 1, 2006, a | | taxpayer is allowed a refundable credit against the taxes | | otherwise due under this Part equal to 25% of the federal earned | | income credit for the same taxable year. |
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| | | Sec. D-2. Application. This Part applies to tax years beginning on | | or after January 1, 2006. |
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| | | Sec. E-1. 36 MRSA §5122, sub-§1, śN, as amended by PL 2005, c. 12, Pt. | | P, §2 and affected by §10, 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 |
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| | | 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 |
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