An Act To Attract Young People to Maine by Expanding the Job Creation Through Educational Opportunity Program
Maine Legislature, Session 127, LD 1383
Committee Amendment CA_A_S150 (Senate)

COMMITTEE AMENDMENT" A " to S.P. 512, L.D. 1383, Bill, "An Act To 
Attract Young People to Maine by Expanding the Job Creation Through Educational 
Opportunity Program" 
Amend the bill in section 2 in paragraph B-1 in the 3rd and 4th lines (page 1, lines 14 
and 15 in L.D.) by striking out the following: "or an accredited non-Maine community 
college, college or university under paragraph G, subparagraph (1), division (b)" 
Amend the bill in section 2 in paragraph B-1 in the 11th line (page 1, line 22 in L.D.) 
by insetting after the following: "December 31, 2012." the following: 'For the purposes of 
a qualified individual claiming a credit under this section for tax years beginning on or 
after January 1, 2016, the financial aid package may include [mancial aid obtained by a 
student for attendance at an accredited non-Maine community college, college or 
lmiversity under paragraph G, subparagraph (1), division (b) after December 31, 2007.' 
Amend the bill in section 2 in paragraph D-l by shiling out all of subparagraphs (2), 
(3) and (4) (page 1, lines 34 to 42 and page 2, lines 1 to 10 in L.D.) and inserting the 
following: 
'(2) For an individual obtaining a bachelor's degree and graduating from an 
aGGredited Maine community college, college or university on or after January 1, 
2015, the average in-state tuition and mandatory fees for attendance at the 
University of Maine System for the academic year ending during the calendar 
year prior to the year of graduation multiplied by 4; and 
(3) For an individual obtaining an associate degree and graduating from an 
acoredited Maine Gommunity college, Gollege or university on or after January 1, 
2015, the average in-state tuition and mandatory fees for attendance at the Maine 
Community College System for the academic year ending dUling the calendar 
year prior to the year of graduation multiplied by 27; and 
(4) For an individual obtaining a graduate degree on or after January 1, 2016, the 
average in-state tuition and mandatory fees for attendance at the University of 
COMMITTEE AMENDMENT 
COlvIMITTEE AMENDMENT" A" to S.P. 512, L.D. 1383 
Maine System for the academic year ending during the calendar year p110r to the 
year of graduation multiplied by 4.' 
Amend the bill by adding after section 5 the following: 
'Sec. 6. Appropriations and allocations. The following appropriations and 
allocations are made. 
ADMlNlSTRATIVE AND Fll"iANCIAL SERVICES, DEPARTMENT OF 
Revenue Services, Bureau of 0002 
Initiative: Establishes one Tax Examiner position and related All Other costs to review 
and process additional claims for the educational opportunity tax credit. 
GENERAL FUND 
POSITIONS - LEGISLATIVE COUNT 
Personal Services 
All Other 
GENERAL FUND TOTAL 
2015-16 
0.000 
$0 
$0 
$0 
2016-17 
1.000 
$36,005 
$4,447 
$40,452 
SU~y 
This amendment makes changes to clarify the intent of the bill and adds an 
appropriations and allocations section. 
FISCAL NOTE REQUIRED 
(See attached) 
COMMITTEE AMENDMENT 
Approved: OS/21/15 
7#CZC 
LD 1383 
LR 991(02) 
An Act To Attract Young People to Maine by Expanding the Job Creation Through Educational 
Opportunity Program 
Fiscal Note for Bill as Amended by Committee Amendment 'fA"(S-1 SO") 
Committee: Taxation 
Net Cost (Savings) 
General Fund 
Appropriations/Allocations 
General Fund 
Revenue 
General Fund. 
Other Special Revenue Funds 
Fiscal Detail and Notes 
Fiscal Note Required: Yes 
Fiscal Note 
FY 2015~16 
$0 
$0 
$0 
$0 
FY 2016-17 
$344,452 
$40,452 
($304,000) 
($16,000) 
Projections 
FY 2017-18 
$4,066,782 
$76,782 
($3,990,000) 
($210,000) 
Projections 
FY 2018-19 
$7,866,782 
$76,782 
($7,790,000) 
($410,000) 
This bill expands eligibility for the educational oppOliunity tax credit to persons graduating from non-Maine colleges, 
to cover graduate degrees and to permit coverage of refinanced or consolidated loans. It would result in a loss of 
General Fund revenue of 304,000 in fiscal year 2016-17 and a loss of Local Government Fund revenue of $16,000 in 
fiscal year 2016-17. The revenue loss will increase significantly for a period of approximately 15 years after fiscal 
year 2018-19 as new graduates become eligible, loan repayment deferments end and taxpayers claim credit 
carryforwards. The bil1 includes General Fund appropriations to the Bureau of Maine Revenue Services of $40,452 in 
fiscal year 2016-17 and $76,782 annually thereafter for one Tax Examiner position and related costs to review and 
process additional claims for the tax credit. 
LR0991 (02) - Fiscal Note - Page 1 of 1