PUBLIC Law Chapter 519

If the media production company 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 media production company's entire Maine income

tax liability for the year.__The fraction is equal to the media

production company's compensation paid during the tax year

related to the certified media production divided by the media

production company's total Maine compensation paid.__For purposes

of this paragraph, "compensation" has the same meaning as in

section 5210, subsection 3.__If the calculation provided by this

paragraph does not fairly reflect the tax liability associated

with the media production company's certified media production,

the media production company may petition for, or the State Tax

Assessor may require, the employment of another reasonable method

to make an equitable determination of the Maine tax associated

with the media production company's certified media production.

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.

Sec. GG-3. 36 MRSA c. 919-A is enacted to read:

CHAPTER 919-A

MEDIA PRODUCTION REIMBURSEMENT

§6901.__Definitions

As used in this chapter, unless the context otherwise
indicates, the following terms have the following meanings.

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.

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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