An Act To Streamline the Sales Tax Credit for Worthless Accounts To Eliminate Unnecessary Burdens on Certain Maine Businesses and Consumers Amend the amendment by inserting after the title the following: Amend the bill by striking out the title and substituting the following: An Act To Streamline the Tax Laws Related to Worthless Accounts To Eliminate Unnecessary Burdens on Certain Maine Businesses and Consumers' , Further amend the amendment by inserting after the 2nd paragraph after the title and before section 2 the following: Sec. 2. 36 MRSA §5219-X is enacted to read: §5219-X. Credit for sales tax on wortb] ess accounts A taxpayer that finances the purchase of an automobile is allowed a credit against the tax imposed under this Part egual to the amount attributable to sales tax covered by the financing agreement and written off as a worthless account. The credit provided by this section is not allowed to taxpayers who are eligible for a sales tax credit with regard to the worthless account under section 1811-A. Further amend the amendment in section 2 in the first line (page 1, line 32 in amendment) by striking out the following: Sec.2." and inserting in its place the following: Sec.3. Page 1-LR2442(5) HOUSE AMENDMENT
Maine Legislature, Session 121, LD 1714
Committee Amendment CA_A-HA_B_H957 (House)
Amends: 36 MRSA §5219-X

HOUSE AMENDMENT "8,, to COMMITTEE AMENDMENT "A" to S. P . 646, 
L.D. 1714, Bill, "An Act To Streamline the Sales Tax Credit for 
Worthless Accounts To Eliminate Unnecessary Burdens on Certain 
Maine Businesses and Consumers" 
Amend 
the 
amendment 
by 
inserting 
after 
the 
title 
the 
following: 
'Amend the bill by striking out the title and substituting 
the following: 
'An Act To Streamline the Tax Laws Related to Worthless Accounts 
To Eliminate Unnecessary Burdens on Certain Maine Businesses and 
Consumers' , 
Further 
amend the 
amendment by inserting after the 
2nd 
paragraph after the title and before section 2 the following: 
'Sec. 2. 36 MRSA §5219-X is enacted to read: 
§5219-X. 
Credit for sales tax on wortb] ess accounts 
A taxpayer that finances the purchase of an automobile is 
allowed a credit against the tax imposed under this Part egual to 
the amount attributable to sales tax covered by the financing 
agreement and written off as a worthless account. 
The credit 
provided by this section is not allowed to taxpayers who are 
eligible for a 
sales tax credit with regard to the worthless 
account under section 1811-A.' 
Further amend the amendment in section 2 in the first line 
(page 1, line 32 in amendment) by striking out the following: 
"Sec.2." and inserting in its place the following: 
'Sec.3.' 
HOUSE AMENDMENT 
HOUSE AMENDMENT ':/;" to COMMITTEE AMENDMENT "A" to S.P. 646, L.D. 
1,14 
SUMMARY 
This amendment provides an income tax credit to any person 
who finances an automobile purchase for another and subsequently 
charges off the account as worthless and who is unable to take 
advantage of the sales tax credit for such charged-off accounts. 
SPONSORED BY: 
(Representative LEMOINE) 
TOWN: 
Old Orchard Beach 
FISCAL ~OTE REQuIRED 
(See attached) 
HOUSE AMENDMENT 
Net Cost (Savings) 
General Fund 
Revenue 
General Fund 
Other Special Revenue Funds 
Fiscal Detail and Notes 
Approved: 04/16/04 ;fIIi?ac:.. 
Office of Fiscal and Program Review 
LD 1714 
An Act To Streamline the Sales Tax Credit for Worthless Accounts To 
Eliminate Unnecessary Burdens on Certain Maine Businesses and 
Consumers 
LR 2442(05) 
Fiscal Note for House Amendment" " to Committee Amendment" A" 
Sponsor: Rep Lemoine 
Fiscal Note Required: Yes 
Fiscal Note 
2003-04 
$0 
$0 
$0 
2004-05 
Projections 
2005-06 
Projections 
2006-07 
$8,060,735 
$21,415,534 
$22,272,155 
($8,060,735) 
($21,415,534) 
($22,272,155) 
($433,190) 
($1,174,691) 
($1,221,679) 
This amendment is expected to reduce sales and use tax collections by over $8,000,000 in fiscal year 2004-05. 
LR2442(5) - Fiscal Note - Page 1 of 1