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Assessor may require, the employment of another reasonable method | to make an equitable determination of the Maine tax associated with | the taxpayer's certified media production. |
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| | 2. Limitation.__The credit allowed by this section may not | reduce the tax otherwise due under this Part below zero and may | be used only in the year in which the certified media production | income is generated. Taxpayers claiming a credit under section | 5219-W are not eligible for this credit. |
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| | Sec. GG-3. 36 MRSA c. 919-A is enacted to read: |
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| MEDIA PRODUCTION REIMBURSEMENT |
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| | As used in this chapter, unless the context otherwise | indicates, the following terms have the following meanings. |
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| | 1.__Certified media production.__"Certified media production" | means a media production that has been certified by the | Department of Economic and Community Development for eligibility | for reimbursement under this chapter in accordance with Title 5, | section 13090-L. |
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| | 2.__Certified production wages.__"Certified production wages" | means wages that are paid during the project period by a media | production company that has been issued a tax reimbursement | certificate in accordance with Title 5, section 13090-L and that | are subject to withholding pursuant to chapter 827.__"Certified | production wages" does not include any wages in excess of | $1,000,000 paid to a single individual for personal services | rendered in connection with a particular certified media | production. |
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| | 3.__Commissioner.__"Commissioner" means the Commissioner of | Administrative and Financial Services. |
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| | 4.__Media production.__"Media production" has the same meaning | as in Title 5, section 13090-L, subsection 2, paragraph A. |
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| | 5.__Media production company.__"Media production company" has | the same meaning as in Title 5, section 13090-L, subsection 2, | paragraph B. |
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| | 6.__Project period.__"Project period" means the period of | time, not to exceed 12 consecutive months, that a media |
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