§5213-A. Sales tax fairness credit For tax years beginning on or after January 1, 2016, individuals are allowed a credit as computed under this section against the taxes imposed under this Part. [PL 2015, c. 267, Pt. DD, §19 (NEW).] 1. Definitions. As used in this section, unless the context otherwise indicates, the following […]
§5213. New jobs credit (REPEALED) SECTION HISTORY PL 1977, c. 686, §15 (NEW).
§5214-A. Credit to beneficiary for accumulation distribution 1. General. A beneficiary of a trust whose adjusted gross income includes all or part of an accumulation distribution by that trust, as defined in the Code, Section 665, or its equivalent, shall be allowed a credit against the tax otherwise due under this Part for all or […]
§5214. Legislative findings and purpose (REPEALED) SECTION HISTORY PL 1977, c. 722 (NEW). PL 1981, c. 364, §68 (RP).
§5215. Jobs and investment tax credit 1. Credit allowed. A taxpayer, other than a public utility as defined by Title 35‑A, section 102, is allowed a credit to be computed as provided in this section against the tax imposed by this Part, subject to the limitations contained in subsection 3. The amount of the credit […]
§5216-A. Credit for investment in the Maine Natural Resource Capital Company (REPEALED) SECTION HISTORY PL 1985, c. 714, §44 (NEW). PL 1987, c. 854, §§3,5 (RP).
§5216-B. Seed capital investment tax credit 1. Definitions. As used in this section, unless the context indicates otherwise, the following terms have the following meanings. A. “Certificate” means a tax credit certificate issued by the Finance Authority of Maine pursuant to Title 10, chapter 110, subchapter IX. [PL 1987, c. 854, §§4, 5 […]
§5216-C. Contributions to family development account reserve funds (REPEALED) SECTION HISTORY PL 1999, c. 475, §6 (NEW). PL 1999, c. 475, §7 (AFF). PL 2015, c. 267, Pt. DD, §21 (RP). PL 2015, c. 267, Pt. DD, §34 (AFF).
§5216-D. Maine Fishery Infrastructure Investment Tax Credit Program (REPEALED) SECTION HISTORY PL 2011, c. 380, Pt. HHHH, §3 (NEW). PL 2011, c. 548, §30 (AMD). PL 2011, c. 548, §36 (AFF). PL 2011, c. 644, §28 (AMD). PL 2011, c. 644, §33 (AFF). PL 2019, c. 401, Pt. C, §11 (RP).
§5216. Credit for investment in The Maine Capital Corporation or the Maine Natural Resource Capital Company (REPEALED) SECTION HISTORY PL 1981, c. 364, §70 (NEW). PL 1983, c. 519, §§26,27 (AMD). PL 1983, c. 700, §§5,6 (AMD). PL 1985, c. 344, §98 (AMD). PL 1985, c. 714, §§41-43 (AMD).
§5217-A. Income tax paid to other taxing jurisdiction A resident individual is allowed a credit against the tax otherwise due under this Part, excluding the tax imposed by section 5203‑C, for the amount of income tax imposed on that individual for the taxable year by another state of the United States, a political subdivision of […]
§5217-B. Employer-provided long-term care benefits (REPEALED) SECTION HISTORY PL 1989, c. 556, §B11 (NEW). PL 1999, c. 521, §C7 (AMD). PL 1999, c. 521, §C9 (AFF). PL 2017, c. 170, Pt. E, §4 (RP).
§5217-C. Employer-provided long-term care benefits on and after January 1, 2000 1. Credit. A taxpayer constituting an employing unit is allowed a credit against the tax imposed by this Part for each taxable year equal to the lowest of the following: A. Five thousand dollars; [PL 1999, c. 521, Pt. C, §8 (NEW); […]
§5217-D. Credit for educational opportunity 1. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings. A. “Benchmark loan payment” means the monthly loan payment for the amount of the principal cap paid over 10 years at the interest rate for federally subsidized Stafford loans under […]
§5217-E. Student Loan Repayment Tax Credit 1. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings. A. “Accredited community college, college or university” means an institution of higher education that is accredited by a regional accrediting association or by one of the specialized accrediting agencies […]
§5217-F. Employer support for volunteer firefighters and volunteer municipal emergency medical services persons For tax years beginning on or after January 1, 2022, an employer who employs an individual who is a volunteer firefighter, as defined in Title 30‑A, section 3151, subsection 4, or a volunteer municipal emergency medical services person and who permits that […]
§5217. Employer-assisted day care 1. Credit allowed. A taxpayer constituting an employing unit is allowed a credit against the tax imposed by this Part for each taxable year equal to the lowest of: A. Five thousand dollars; [PL 1987, c. 769, Pt. A, §159 (RPR).] B. Twenty percent of the costs incurred by […]
§5218-A. Income tax credit for adult dependent care expenses 1. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings. A. “Adult day care” has the same meaning as in Title 22, section 6202, subsection 1. [PL 2015, c. 340, §4 (NEW); PL 2015, c. […]
§5218. Income tax credit for child care expenses 1. Resident taxpayer. A resident individual is allowed a credit against the tax otherwise due under this Part in the amount of 25% of the federal tax credit allowable for child and dependent care expenses in the same tax year, except that for tax years beginning in […]
§5219-A. Retirement and disability credit (REPEALED) SECTION HISTORY PL 1987, c. 504, §32 (NEW). PL 1999, c. 521, §B7 (RPR). PL 1999, c. 521, §B11 (AFF). PL 2003, c. 390, §§46,47 (AMD). PL 2015, c. 267, Pt. DD, §25 (RP). PL 2015, c. 267, Pt. DD, §34 (AFF).
