An Act To Strengthen Maine's Economy through Improvements to the Educational Opportunity Tax Credit
Maine Legislature, Session 125, LD 0835
Committee Amendment CA_B-HA_A_H814 (House)

HOUSE AMENDMENT "it" to COMMITTEE AMENDMENT "B" to H.P. 632, 
L.D. 835, Bill, "An Act To Strengthen Maine's Economy through Improvements to the 
Educational Opportunity Tax Credit" 
Amend the amendment by striking out all of section 9 (page 3, lines 9 to 25 in 
amendment) and inserting the following: 
'Sec. 9. 36 MRS A §5217-D, sub-§2, as enacted by PL 2007, c. 469, Pt. B, § I, is 
repealed and the following enacted in its place: 
2. Credit allowed. A taxpayer constituting an opportunity program participant or an 
employer of a qualified employee is allowed a credit against the tax imposed by this Part 
for each taxable year under the terms established in this section. The credit is created to 
implement the Job Creation Through Educational Opportunity Program established under 
Title 20-A, chapter 428-C. 
A. A taxpayer entitled to the credit for any taxable year may carry over and apply to 
the tax liability for anyone or more of the next succeeding 10 years the portion, as 
reduced from year to year, of any unused credits. 
B. More than one taxpayer may claim a credit based on loan payments actually made 
to a relevant lender or lenders to benefit a single opportunity program participant, but 
no 2 taxpayers may claim the credit based on the same payment. 
C. Except as provided in paragraph D, the credit may not reduce the tax otherwise 
due under this Part to less than zero. The credit allowed to an employer of a qualified 
employee may not reduce the tax otherwise due under this Part to less than zero. 
D. 
Notwithstanding paragraph C, the credit allowed to an opportunity program 
participant is refundable if the opportunity program participant obtains an associate 
degree or bachelor's degree in science, technology, engineering or mathematics.' 
SUMMARY 
Committee Amendment "B" made the educational opportunity tax credit available 
under the Job Creation Through Educational Opportunity Program refundable. 
HOUSE AMENDMENT 
HOUSE AMENDMENT "P" to COMMITTEE AMENDMENT "B" to H.P. 632, L.D. 835 
This amendment limits the refundability of the tax credit to program participants who 
obtain an associate degrce or bachelor's degree in science, technology, engineering or 
mathematics. 
FISCAL NOTE REQUIRED 
() 
(See attached) J / 
SPONSOREDBY:~':~~~~~~~~t~~ 
__ ~~ 
______ _ 
(Representative KESCHL) 
TOWN: Belgrade 
HOUSE AMENDMENT 
Approved: 03/02/12 
;'h'ac:.. 
LD835 
LR 1210(11) 
An Act To Strengthen Maine's Economy through Improvements to the Educational Opportunity Tax 
Credit 
Fiscal Note for House Amendment ,(1" to Committee Amendment "B" 
Sponsor: Rep. Keschl of Belgrade' 
Net Cost (Savings) 
General Fund 
Revenue 
General Fund 
Other Special Revenue Funds 
Fiscal Detail and Notes 
Fiscal Note Required: Yes 
Fiscal Note 
FY 2011-12 
$0 
$0 
$0 
FY 2012-13 
($56,050) 
$56,050 
$2,950 
Projections 
FY 2013-14 
($220,400) 
$220,400 
$11,600 
Projections 
FY 2014-15 
($314,450) 
$314,450 
$16,550 
The amendment further modifies the educational opportunity tax credit by making the credit refundable for students 
majoring in science, mathematics, engineering or technology for tax years beginning after December 31, 2012. The 
amendment will increase General Fund revenues and increase revenue sharing relative to Committee Amendment liB" 
starting in fiscal year 2012-13. The refundability of the credit creates greater uncertainty over the long term revenue 
effects of the bill. 
Additional costs to the University of Maine System, the Maine Community College System and Maine Maritime 
Academy to report the required information to the Department of Education by February 1,2021 can be absorbed 
within the budgeted resources of each institution. The Department of Education has estimated the cost for its staff to 
compile the data submitted and submit the required recommendations by March 1, 2021 to be approximately $8,000 in 
fiscal year 2020-21. 
LR1210(11) - Fiscal Note - Page 1 of 1