An Act To Promote Tourism and Foster Economic Development
Maine Legislature, Session 126, LD 1409
Committee Amendment CA_A_H401 (House)
Amends: 36 MRSA §5219-I

FlRST REGULAR SESSION 
COMMITTEE AMENDMENT "A" to H.P. 1005, L.D. 1409, Bill, "An Act To 
Promote Tourism and Foster Economic Development" 
Amend the bill by striking out all of the emergency preamble (page 1, lines 1 to 13 in 
L.D.). 
Amend the bill in section 1 in § 13090-L in subsection 2-A in paragraph B-3 in the 
last line (page 2, line 16 in L.D.) by inserting after the following: "media production" the 
following: 'or any single item with a value of $500,000 or more that is not owned and 
retained for use in future productions by a major visual media production company' 
Amend the bill in section 1 in § 13090-L in subsection 2-A in paragraph D in the 4th 
line (page 2, line 27 in L.D.) by inserting after the following: "medium" the following: ' ... 
including the Internet,' 
Amend the bill in section 1 in § 13090-L by striking out all of subsection 3-A (page 4, 
lines 11 to 41 and page 5, lines 1 to 13 in L.D.) and inserting the following: 
'3-A. Requirements fOl" major visual media production certificate. Applications 
for a major visual media production certificate must be made on a fonn prescribed and 
furnished by the department. The applicant must: 
A. 
Provide payment for a nonrefundable application fee equal to 0.2% of the 
estimated amount of the tax credit for which the major visual media production 
company is requesting certification, which may not be less than $200 or more than 
$5,000; 
B. Provide the names of the principals involved in the major visual media production 
and contact infonnation for them; 
C. Provide a certificate of insurance for the major visual media production; 
D. 
Provide financial infonnation that demonstrates that the major visual media 
production is fully financed and has an overall budget of at least $1,000,000 if 
applying for the 25% credit under Title 36, section 5219-11, subsection 1; 
COMMITTEE AMENDMENT 
COMMITTEE AMENDMENT ,,~, to H.P. 1005, L.D. 1409 
E. Provide projections of the number of positions required for the major visual media 
production, the number of residents of the State employed and the economic impact 
on the State: 
F. Provide evidence that the major visual media production company is not owned 
by, affiliated with or controlled by, in whole or in part, a person that is in default on a 
loan made by the State or a loan guaranteed by the State; 
G. Provide a projected schedule for preproduction, production and postproduction of 
the major visual media production that shows that the production will begin within 60 
days after certification pursuant to subsection 3-B; 
H. Demonstrate, by certifring in writing, that the major visual media production 
would not occur within the State absent the availability of the tax credit for which the 
major visual media production company is requesting certification; 
I. Include, in the certified major visual media production, an on-screen credit for the 
J. Provide any other information required to demonstrate to the satisfaction of the 
commissioner that the major visual media production company has met, or will meet, 
the requirements of this subsection.' 
Amend the bill by striking out all of section 2 (page 6, lines 9 to 20 in L.D.) and 
inserting the following: 
'Sec. 2. 36 MRSA §5219-II is enacted to read: 
§S219-II. Certified major visual media production credit 
1. Credit allowed. A major visual media production company, as defined in Title 5, 
section 13090-L, subsection 2-A, paragraph B-2, is allowed a credit against the taxes 
imposed by this Part in an amount equal to a percentage of major visual media production 
expenses, as defined in Title 5, section 13090-L, subsection 2-A, paragraph B-3, up to 
25% of major visual media production expenses. 
2. Limitation. Taxpayers claiming a credit under section 5219-W or 5219-Y are not 
eligible for this credit. The credit allowed by this section may be used only for the 
taxable year in which the major visual media production, as defined in Title 5, section 
13090-L, subsection 2-A, paragraph B-1. is completed. 
3. Refundable. The credit allowed under this section is fully refundable. 
4. Repeal. This section is repealed December 31. 2017.' 
Amend the bill by striking out all of the emergency clause (page 6, lines 21 and 22 in 
L.D.) and inserting the following: 
'Sec. 3. Application. This Act applies to tax years beginning on or after January 1, 
2013.' 
SUMMARY 
This amendment changes the bill by removing the emergency proVISIOns and 
clarifying that the credit is fully refundable. It clarifies that a visual media production 
COMMITTEE AMENDMENT 
COMMITTEE AMENDMENT "A" to H.P. 1005, L.D. 1409 
may include content produced for the Internet and that the certified major visual media 
production credit must be claimed in the taxable year in which the major visual media 
production is completed. It removes the 35% credit for major visual media productions 
of over $100,000,000, the requirement for 50% of the positions to be filled by in-state 
residents and the requirement for the productions to include trailers and commercials. It 
provides that the application fee, which is 0.2% of tax credit, is nonrefundable and can be 
no less than $200 and no more than $5,000. It specifies that a major visual media 
production expense does not include any single item with a value of $500,000 or more 
that is not owned and retained for use in future productions by a major visual media 
production company. It repeals the credit on December 31, 2017. 
FISCAL .\OTE REQUIRED 
(See attached) 
COMMITTEE AMENDMENT 
Net Cost (Savings) 
General Fund 
Revenue 
General Fund 
Approved: 05/30113 
~ac 
LD 1409 
LR 1750(02) 
An Act To Promote Tourism and Foster Economic Development 
Fiscal Note for Bill as Amended by Committee Amendment ~' C if ~ t-/o b 
Committee: Taxation 
Fiscal Note Required: Yes 
Fiscal Note 
FY 2013-14 
FY 2014-15 
$332,500 
$1,045,000 
Projections 
FY 2015-16 
$1,045,000 
Projections 
FY 2016-17 
$1,045,000 
Other Special Revenue Funds 
($332,500) 
($17,500) 
($1,045,000) 
($55,000) 
($1,045,000) 
($55,000) 
($1,045,000) 
($55,000) 
Fiscal Detail and Notes 
This bill reduces General Fund revenue by an estimated $332,500 in FY 2013-14 and by $1,045,000 in FY 2014-15 
and reduces Municipal Revenue Sharing revenue by $17,500 in FY 2013-14 and by $55,000 in FY 2014-15 due to 
providing a refundable income tax credit for companies undertaking major visual media productions located in the 
State. This refundable income tax credit will be repealed on December 31,2017. This fiscal note assumes that no 
large big-budget visual media production gets produced in the State. If one does the General Fund revenue reduction 
will be significantly larger. 
Additional costs to the Department of Economic and Community Development associated with the rulemaking 
process and with issuing the required certificate can be absorbed within existing budgeted resources. 
LRI750(02) - Fiscal Note - Page I of I