An Act To Lower the Tax Burden for Small Businesses
Maine Legislature, Session 122, LD 0632
Committee: Taxation
Sponsors: COURTNEY, BIERMAN, CLOUGH, RECTOR

Legislative Document 
No. 632 
H.P.465 
House of Representatives, February 8, 2005 
An Act To Lower the Tax Burden for Small Businesses 
Reference to the Committee on Taxation suggested and ordered printed. 
Presented by Representati ve BOWEN of Rockport. 
Cosponsored by Senator COURTNEY of York and 
7J1~ 
1?1.71!P£~ 
MILLICENT M. MacFARLAND 
Clerk 
Representatives: BIERMAN of Sorrento, CLOUGH of Scarborough, McCORMICK of West 
Gardiner, RECTOR of Thomaston. 
Printed on recycled paper 
Be it enacted by the People of the State of Maine as follows: 
588, 
Sec. 1. 36 MRSA §SI22. sub-§I. 1fN, as amended by PL 2003, c. 
§14, is further amended to read: 
N. 
With respect to property placed in service during the 
taxable 
year, 
an 
amount 
equal 
to 
the 
net 
increase 
in 
depreciation or expensing attributable to: 
(1) For taxable years beginning on or after January 1, 
2002 but prior to January 1, 6999 ~, a 
30°'0 bonus 
depreciation deduction claimed by the taxpayer pursuant 
to Section 101 of the federal Job Creation and Worker 
Assistance Act of 2002, Public Law 107-147 with respect 
to property placed in service during the taxable year; 
(2) For taxable years beginning on or after January 1, 
2002 but prior to January 1, 6999 2.Q.Q.5., 
a 
50°'0 bonus 
depreciation deduction claimed by the taxpayer pursuant 
to Section 201 of the federal Jobs 
and 
Growth Tax 
Relief Reconciliation Act of 2003, Public Law 
-27 
with respect to property placed in service during the 
taxable year: and 
(3) For taxable years beginning on or after January 1, 
2003 but prior to January 1, 6999 ~, the increase in 
aggregate cost claimed under Section 179 of the Code 
pursuant to Section 202 of the federal Jobs and Growth 
Tax 
Relief 
Reconciliation 
Act 
of 
2003, 
Public 
Law 
108-27; 
Sec. 2. 36 MRSA §S200-A, sub-§I, 1fN, as amended by PL 2003, c. 
588, §16, is further amended to read: 
N. 
With respect to property placed in service during the 
taxable 
year, 
an 
amount 
equal 
to 
the 
net 
increase 
in 
depreciation or expensing attributable to: 
(1) For taxable years beginning on or after January 1, 
2002 but prior to January 1, 
6999 2005, 
a 
30°0 bonus 
depreciation deduction claimed by the taxpayer pursuant 
to Section 101 of the federal Job Creation and Worker 
Assistance Act of 2002, Public Law 107-147 with respect 
to property placed in service during the taxable year; 
(2) For taxable years beginning on or after January 1, 
2002 but prior to January 1, 
6999 ~, a 
50°'0 bonus 
depreciation deduction claimed by the taxpayer pursuant 
to Section 201 of the federal Jobs 
and Growth Tax 
Relief Reconciliation Act of 2003, Public Law 108-27 
• 
.. 
with respect to property placed in service during the 
taxable year; and 
(3) For taxable years beginning on or after January 1, 
2003 but prior to January 1, 6999 2~, the increase in 
aggregate cost claimed under Section 179 of the Code 
pursuant to Section 202 of the federal Jobs and Growth 
Tax 
Relief 
Reconciliation 
Act 
of 
2003, 
Public 
Law 
108-27; 
This 
concerning 
eliminating 
tax year. 
SUMMARY 
bill conforms 
Maine 
tax 
bonus 
depreciation 
and 
the required addition to 
law to 
federal provisions 
"Section 179" 
expensing 
by 
income beginning in the 2005