Sec. 46. 36 MRSA §4366-A, sub-§2, ¶¶B and C, as enacted by PL 2001, c. 439, Pt. SSSS, §3, are amended to read:

B. For stamps at the face value of 47 50 mills sold prior to July 1, 2002, 2.16%; and

C. For stamps at the face value of 47 50 mills sold on or after July 1, 2002, 2.03%.

Sec. 47. 36 MRSA §4366-D, as enacted by PL 2001, c. 450, Pt. D, §1, is repealed.

Sec. 48. 36 MRSA §4403, sub-§§1 and 2, as amended by PL 1989, c. 588, Pt. D, §4, are further amended to read:

1. Smokeless tobacco. A tax is imposed on all smokeless tobacco, including chewing tobacco and snuff, at the rate of 50% of the wholesale sales price beginning October 1, 1989; 55% of the wholesale sales price beginning January 1, 1991; and 62% of the wholesale sales price beginning July 1, 1991.

2. Other tobacco. A tax is imposed on cigars, pipe tobacco and other tobacco intended for smoking at the rate of 13% of the wholesale sales price beginning October 1, 1989; 14% of the wholesale sales price beginning January 1, 1991; and 16% of the wholesale sales price beginning July 1, 1991.

Sec. 49. 36 MRSA §4641-H, as enacted by PL 1975, c. 572, §1 and amended by P&SL 1975, c. 78, §21, is repealed.

Sec. 50. 36 MRSA §4641-I, as amended by PL 1981, c. 364, §61, is repealed.

Sec. 51. 36 MRSA §5122, sub-§1, ¶N, as amended by PL 2005, c. 12, Pt. P, §2 and affected by §10, is further amended to read:

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:

(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 Assistance Act of 2002, Public Law 107-147 with respect to property placed in service during the taxable year;