An Act To Update References to the United States Internal Revenue Code of 1986 Contained in the Maine Revised Statutes
Maine Legislature, Session 127, LD 1564
Committee Amendment CA_B-HA_A_H515 (House)
Amends: 36 MRSA §5122, 36 MRSA §5200-A

HOUSE AMENDMENT "A-" to COMMITTEE AMENDMENT "B" to S.P. 616, 
L.D. 1564, Bill, "An Act To Update References to the United States Internal Revenue 
Code of 1986 Contained in the Maine Revised Statutes" 
Amend the amendment by inserting after the first indented paragraph the following: 
'Sec. 2. 36 MRSA §5122, sub-§1, ,rQ, as enacted by PL 2003, c. 20, Pt. II, §2, is 
repealed.' 
Amend the amendment in section 3 in paragraph JJ in the last paragraph in the last 
line (page 2, line 17 in amendment) by inserting after the following: "5125~_;_" the 
following: 'and' 
Amend the amendment by striking out all of section 4 and inserting the following: 
'Sec. 4. 36 MRSA §5122, sub-§1, ,rKK is enacted to read: 
KK. For taxable years beginning on or after January 1, 2015 but before January 1, 
2020, an amount equal to the net increase in depreciation attributable to the 
depreciation deduction claimed by the taxpayer for the taxable year under the Code, 
Section 168(k).' 
Amend the amendment in section 6 in paragraph NN in the last paragraph in the last 
line (page 3, line 34 in amendment) by inserting after the following: "property~_;_" the 
following: 'and' 
Amend the amendment by striking out all of section 7 and inserting the following: 
'Sec. 7. 36 MRSA §5122, sub-§2, ,roo is enacted to read: 
00. For taxable years beginning on or after January 1, 2016, an amount equal to the 
net increase in the depreciation deduction allowable under the Code, Sections 167 
and 168 that would have been applicable to that property had the depreciation 
deduction under the Code, Section 168(k) not been claimed with respect to such 
property placed in service during the applicable taxable year for which an addition 
was required under subsection 1, paragraph KK for the applicable taxable year. 
Upon the taxable disposition of property to which this paragraph applies, the amount 
of any gain or loss includable in federal adjusted gross income must be adjusted for 
Maine income tax purposes by an amount equal to the difference between the 
HOUSE AMENDMENT 
ROFS 
HOUSE AMENDMENT • .;;,, to COMMITTEE AMENDMENT "B" to S.P. 616, L.D. 1564 
addition modification for such property under subsection 1, paragraph KK and the 
subtraction modifications allowed pursuant to this paragraph. 
The total amount of subtraction claimed under this paragraph for all tax years may 
not exceed the addition modification under subsection 1, paragraph KK for the same 
property.' 
Amend the amendment by striking out all of sections 8 to 11. 
Amend the amendment in section 13 in paragraph BB in subparagraph (2) in the last 
line (page 5, line 26 in amendment) by inserting after the following: "5219-MM~~" the 
following: 'and' 
Amend the amendment by striking out all of section 14 and inserting the following: 
'Sec. 14. 36 MRSA §5200-A, sub-§1, ,rec is enacted to read: 
CC. For taxable years beginning on or after January 1, 2015 but before January 1, 
2020, an amount equal to the net increase in depreciation attributable to the 
depreciation deduction claimed by the taxpayer for the taxable year under the Code, 
Section 168(k).' 
Amend the amendment in section 16 in paragraph Z in the last paragraph in the last 
line (page 6, line 40 in amendment) by inserting after the following: "property,~" the 
following: 'and' 
Amend the amendment by striking out all of section 17 and inserting the following: 
'Sec. 17. 36 MRSA §5200-A, sub-§2, ,rAA is enacted to read: 
AA. For taxable years beginning on or after January 1, 2016, an amount equal to the 
net increase in the depreciation deduction allowable under the Code, Sections 167 
and 168 that would have been applicable to that property had the depreciation 
deduction under the Code, Section 168(k) not been claimed with respect to such 
property placed in service during the awlicable taxable year for which an addition 
was required under subsection 1, paragraph CC for the applicable taxable year. 
Upon the taxable disposition of property to which this paragraph applies, the amount 
of any gain or loss includable in federal taxable income must be adjusted for Maine 
income tax purposes by an amount equal to the difference between the addition 
modification for such property under subsection 1, paragraph CC and the subtraction 
modifications allowed pursuant to this paragraph. 
The total amount of subtraction claimed under this paragraph for all tax years may 
not exceed the addition modification under subsection 1, paragraph CC for the same 
property.' 
Amend the amendment by striking out all of sections 18 and 19. 
Amend the amendment in section 20 in the first paragraph in the last line by inserting 
after the following: "2015." the following: 'That section of this Act that repeals the Maine 
Revised Statutes, Title 36, section 5122, subsection 1, paragraph Q applies to tax years 
beginning on or after January 1, 2016.' 
HOUSE AMENDMENT 
ROFS 
HOUSE AMENDMENT ·fl< to COMMITTEE AMENDMENT "B" to S.P. 616, L.D. 1564 
Amend the amendment by relettering or renumbering any nonconsecutive Part letter 
or section number to read consecutively. 
SUMMARY 
This amendment removes from the committee amendment prov1s1ons limiting 
conformity to tax years beginning in 2015 except that nonconformity with federal bonus 
depreciation remains permanently and the Maine capital investment credit is removed, 
beginning with tax years beginning in 2015. 
SPONSOREDBY:~17. r-
(Representativ~~GN) 
TOWN: Auburn 
FISCAL NOTE REQUIRED 
(See attached) 
··-'·---....:.-:.....-~ 
HOUSE AMENDMENT 
Approved: 02/09/16 
feac 
LD 1564 
LR2444(06) 
An Act To Update References to the United States Internal Revenue Code of 1986 Contained in the 
Maine Revised Statutes 
Fiscal Note for House Amendment ,{f to Committee Amendment "B" 
Sponsor: Rep. Melaragno of Auburn 
Net Cost (Savings) 
General Fund 
Revenue 
General Fund 
Other Special Revenue Funds 
Fiscal Detail and Notes 
Fiscal Note Required: Yes 
Fiscal Note 
FY 2015-16 
FY 2016-17 
($9,456,160) 
$9,456,160 
$192,840 
($782,640) 
$782,640 
$15,960 
Projections 
FY 2017-18 
$953,580 
($953,580) 
($19,420) 
Projections 
FY 2018-19 
$664,620 
($664,620) 
($13,540) 
This amendment removes from the committee amendment provisions enacting the Maine capital investment credit. 
This will increase General Fund revenue by $9,456,160 in fiscal year 2015-16 and $782,640 in fiscal year 2016-17 
and increase Local Government Fund revenue by $192,840 in fiscal year 2015-16 and $15,960 in fiscal year 2016-17. 
LR2444(06) - Fiscal Note - Page 1 of 1