4.__Tax reimbursement and credit certificate.__Within 4 weeks of completion of a certified media production, the media production company shall confirm its compliance with the requirements of subsection 3 with respect to the certified media production. Upon determining compliance by the media production company, the department shall issue to the company a tax reimbursement and credit certificate.__The tax reimbursement and credit certificate entitle the media production company to claim the reimbursement provided by Title 36, chapter 919-A and the credit under Title 36, section 5219-Y.

5.__Department to provide information to State Tax Assessor.__ The department shall provide to the State Tax Assessor copies of tax reimbursement and credit certificates issued in accordance with subsection 4, together with any other information reasonably required by the State Tax Assessor for the administration of media production reimbursement under Title 36, chapter 919-A and the credit under Title 36, section 5219-Y.

6.__Rulemaking.__The department shall develop rules as necessary to administer this section in cooperation with the State Tax Assessor.__Rules adopted pursuant to this section are routine technical rules as defined in chapter 375, subchapter 2- A.

Sec. GG-2. 36 MRSA §5219-Y is enacted to read:

§5219-Y.__Certified media production credit

1. Credit allowed. A taxpayer is allowed a credit against the taxes imposed by this Part in an amount equal to the Maine income tax imposed on income directly related to a certified media production as defined in section 6901, subsection 1.

If the taxpayer realizes income from a certified media production and also has Maine-source income from other sources, the credit allowed under this section is based on a fraction of the taxpayer's entire Maine income tax liability for the year.__The fraction is equal to the taxpayer's compensation paid during the tax year related to the certified media production divided by the taxpayer's total Maine compensation paid.__For purposes of this paragraph, the term "compensation" has the same meaning as given that term in section 5210, subsection 3.__If the calculation provided by this paragraph does not fairly reflect the tax liability associated with the taxpayer's certified media production, the taxpayer may petition for, or the State Tax