PART EEE

Part EEE expands the definition of "income" under the Maine Residents Property Tax Program to include contributions to retirement accounts and pension plans and amounts paid for benefits under a "cafeteria plan" or dependent care assistance program in order to more accurately measure household income for purposes of determining an applicant's ability to pay rent or property taxes on homestead property.

PART FFF

Part FFF alters the income tax calculation for multistate corporations. The change apportions the total tax rather than the total income for affected corporations. This change makes the calculation of income tax for multistate corporations consistent with the calculation for nonresident individual income tax for Maine, including the individual taxation of business income from sole proprietors and members of pass-through entities that engage in multistate business activity.

PART GGG

Section 1 clarifies that all programs with Highway Fund allocations and all Internal Service Funds, Enterprise Funds and Other Special Revenue Funds accounts of the Department of Transportation are presented for informational purposes into the General Fund budget bills unless a separate Highway Fund budget is not enacted.

Section 2, effective October 1, 2005, authorizes all aircraft registration fees to be deposited to the State Transit, Aviation and Rail Transportation Fund. This will decrease the General Fund revenues by $15,000 in fiscal year 2005-06 and $20,000 in fiscal year 2006-07. This will increase the revenue in the State Transit, Aviation and Rail Transportation Fund by $15,000 in fiscal year 2005-06 and by $20,000 in fiscal year 2006-07.

Section 3 creates the State Transit, Aviation and Rail Transportation Fund as an enterprise fund of the Department of Transportation to manage the alternate modes of transportation. Section 3 also creates the Marine Highway account in the Highway Fund to allow Highway Fund support to the Maine State Ferry Service. Section 3 establishes that all accounting methodology