An Act To Help Maine's Employers To Recruit Skilled Workers by Expanding the Availability of the E.ducational Opportunity Tax Credit
Maine Legislature, Session 125, LD 1174
Committee Amendment CA_A_H267 (House)
Amends: 20-A MRSA §12542, 36 MRSA §5217-D

COMMITTEE AMENDMENT" R " 
to H.P. 872, L.D. 1174, Bill, "An Act To Help 
Maine's Employers To Recruit Skilled Workers by Expanding the Availability of the 
E.ducational Opportunity Tax Credit" 
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: 
A. The individual may claim the educational opportunity tax credit only with respect 
to loans that are part of that individual's financial aid package ami, that have a tenn of 
at least 8 years and that are entered into before July 1, 1022.' 
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: 
4. Conditions for an opportunity program participant claiming the credit. An 
opportunity program participant may claim the credit only if the participant is a resident 
individual. The participant may claim the credit based only on regular payments made 
during months in which the individual was working for an employer located in this State. 
A married couple filing jointly under Title 36, section 5221 may claim the credit only to 
the extent that the spouse on whose behalf the credit is claimed meets these requirements. 
An opportunity program participant who receives an associate or a bachelor's degree from 
an accredited community college, college or university not located in this State may claim 
the credit only if the associate or bachelor's degree is awarded after December 31, 20 II.' 
Amend the bill by relettering or renumbering any nonconsecutive Part letter or 
section number to read consecutively. 
COMMITTEE AMENDMENT 
COMMITTEE AMENDMENT" A" to H.P. 872, L.D. 1174 
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 detennine whether it should 
be continued. 
FISCAL "on: REQllRED 
(See attached)_ 
COMMITTEE AMENDMENT 
Approved: 05/1211 1 frac 
LD 1174 
LR 1211(02) 
An Act To Help Maine's Employers To Recruit Skilled Workers by Expanding the Availability of the 
Educational Opportunity Tax Credit 
Net Cost (Savings) 
General Fund 
Revenue 
General Fund 
Fiscal Note for Bill as Amended by Committee Amendment "A" 
Committee: Taxation 
Fiscal Note Required: Yes 
Fiscal Note 
FY 2011-12 
FY 2012-13 
$0 
$40,793 
Projections 
FY 2013-14 
$145,784 
Other Special Revenue Funds 
$0 
$0 
($40,793) 
($2,147) 
($145,784) 
($7,673) 
Fiscal Detail and Notes 
Projections 
FY 2014-15 
$257,252 
($257,252) 
($13,540) 
Amending the Job Creation Through Educational Opportunity Program by providing a tax credit for student loans 
incurred by Maine residents who receive an associate or bachelor degree from an accredited institution located outside 
of Maine after December 31,2011 will reduce General Fund revenue and will reduce revenue sharing beginning in 
fiscal year 2012-13. 
LR1211 (02) - Fiscal Note - Page 1 of I