| HP0872 LD 1174 |
First Regular Session - 125th Maine Legislature C "A", Filing Number H-267, Sponsored by
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LR 1211 Item 2 |
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| Bill Tracking, Additional Documents | Chamber Status | ||
Amend the bill by inserting after section 5 the following:
‘Sec. 6. 20-A MRSA §12542, sub-§3-A, ¶A, as enacted by PL 2009, c. 553, Pt. A, §11, is amended to read:
Amend the bill in section 8 in subsection 5 in the last line (page 4, line 4 in L.D.) by inserting after the following: "forward." the following: ' A Maine resident who receives an associate or a bachelor's degree after December 31, 2011 from an accredited community college, college or university not located in this State is eligible for the program.'
Amend the bill by adding after section 9 the following:
‘Sec. 10. 36 MRSA §5217-D, sub-§4, as enacted by PL 2007, c. 469, Pt. B, §1, is amended to read:
Amend the bill by relettering or renumbering any nonconsecutive Part letter or section number to read consecutively.
summary
This amendment provides that the Job Creation Through Educational Opportunity Program tax credit is available to participants who receive an associate or bachelor's degree at an accredited community college, college or university not located in this State only if the associate or bachelor's degree is awarded after December 31, 2011. It applies to qualifying educational opportunity loans entered into before July 1, 2022; the intent of this limitation is to require reconsideration of the program to determine whether it should be continued.