Sec. 2. 36 MRSA §5122, sub-§2, ¶T, as amended by PL 2003, c. 705, §12 and affected by §14, is further amended to read:

T. For income tax years beginning on or after January 1, 2002 and before January 1, 2004, an amount equal to the total premiums spent for long-term care insurance policies certified under Title 24-A, section 5075-A as long as the amount subtracted is reduced by the long-term care premiums claimed as an itemized deduction pursuant to section 5125.

For income tax years beginning on or after January 1, 2004, an amount equal to the total premiums spent for qualified long-term care insurance contracts certified under Title 24- A, section 5075-A, as long as the amount subtracted is reduced by any amount claimed as a deduction for federal income tax purposes in accordance with the Code, Section 162(l) and by the long-term care premiums claimed as an itemized deduction pursuant to section 5125.; and

Sec. 3. 36 MRSA §5122, sub-§2, ¶U is enacted to read:

U.__For income tax years beginning on or after January 1, 2015, the gain attributable to the sale of sustainably managed, eligible timberlands as calculated in this paragraph.

(1)__As used in this paragraph, unless the context otherwise indicates, the following terms have the following meanings.

(a)__"Commercial harvesting" or "commercially harvested" means the harvesting of forest products that have commercial value.

(b)__"Eligible timberlands" means land of at least 10 acres located in the State and used primarily for the growth of trees to be commercially harvested.__Land that would otherwise be included within this definition may not be excluded because of:

(i)__Use of the land for multiple public recreation activities;