HP0524
LD 695
First Regular Session - 125th Maine Legislature
C "A", Filing Number H-164, Sponsored by
LR 1475
Item 2
Bill Tracking, Additional Documents Chamber Status

Amend the bill in section 1 in §5219-S in subsection 1 in the first line (page 1, line 5 in L.D.) by striking out the following: " refundable"

Amend the bill in section 1 in §5219-S in subsection 2 in the first line (page 1, line 9 in L.D.) by striking out the following: " refundable"

Amend the bill in section 1 in §5219-S in subsection 3 in the 2nd line (page 1, line 16 in L.D.) by striking out the following: " refundable"

Amend the bill in section 1 in §5219-S by striking out all of subsection 4 (page 1, lines 26 and 27 in L.D.) and inserting the following:

4 Limitation.   The credit allowed by this section may not reduce the Maine income tax to less than zero.
5 Refundability.   The credit allowed by this section is refundable up to 50% of the amount of the credit calculated under subsections 1 to 3 that remains unused after the credit has reduced the Maine income tax to zero.

Amend the bill by adding after section 2 the following:

Sec. 3. Appropriations and allocations. The following appropriations and allocations are made.

ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF

Revenue Services - Bureau of 0002

Initiative: Appropriates funds for 2 Tax Examiner positions effective January 1, 2012.

GENERAL FUND 2011-12 2012-13
POSITIONS - LEGISLATIVE COUNT
2.000 2.000
Personal Services
$59,449 $126,634
inline graphic sline.gif inline graphic sline.gif
GENERAL FUND TOTAL $59,449 $126,634

Revenue Services - Bureau of 0002

Initiative: Appropriates funds for computer programming changes, updating check stub messages and notices, new reports, federal tape changes, testing and printing and mailing costs.

GENERAL FUND 2011-12 2012-13
All Other
$60,522 $17,467
inline graphic sline.gif inline graphic sline.gif
GENERAL FUND TOTAL $60,522 $17,467

ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF
DEPARTMENT TOTALS 2011-12 2012-13
GENERAL FUND
$119,971 $144,101
inline graphic sline.gif inline graphic sline.gif
DEPARTMENT TOTAL - ALL FUNDS $119,971 $144,101

summary

This amendment is the minority report of the committee. This amendment limits the amount of refundability of the earned income tax credit to 50%. This amendment adds an appropriations and allocations section.

FISCAL NOTE REQUIRED
(See attached)


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