An Act To Simplify and Expand the Educational Opportunity Tax Credit
Maine Legislature, Session 127, LD 1657
Senate Amendment SA_A-SA_A_S533 (Senate)

SENATE AMENDMENT" A" to SENATE AMENDMENT "A" to S.P. 678, L.D. 
1657, Bill, "An Act To Simplify and Expand the Educational Opportunity Tax Credit" 
Amend the amendment by inserting after the title the following: 
'Amend the bill by inserting after the title and before the enacting clause the 
following: 
'Emergency preamble. Whereas, acts and resolves of the Legislature do not 
become effective until 90 days after adjournment unless enacted as emergencies; and 
Whereas, this legislation allows eligible student loans that had been consolidated 
with ineligible loans to remain eligible for the educational opportunity tax credit 
beginning with tax year 2015; and 
Whereas, in the judgment of the Legislature, these facts create an emergency within 
the meaning of the Constitution of Maine and require the following legislation as 
immediately necessary for the preservation of the public peace, health and safety; now, 
therefore,' ' 
Amend the amendment by inserting after paragraph B the following: 
'Amend the bill by inserting after section 4 the following: 
'Sec. 5. Appropriations and allocations. The following appropriations and 
allocations are made. 
HISTORIC PRESERVATION COMMISSION, MAINE 
Historic Preservation Commission 0036 
Initiative: Reduces funding to reflect projected fiscal year 2015-16 All Other costs for the 
Historic Preservation Commission program. 
GENERAL FUND 
All Other 
GENERAL FUND TOTAL 
2015-16 
($200,000) 
($200,000) 
SENA TE AMENDMENT 
2016-17 
$0 
$0 
SENATE AMENDMENT "A" to SENATE AMENDMENT "A" to S.P. 678, L.D. 1657 
HISTORIC PRESERVATION COMMISSION, 
MAINE 
DEPARTMENT TOTALS 
GENERAL FUND 
DEPARTMENT TOTAL-ALL FUNDS 
TREASURER OF STATE, OFFICE OF 
Debt Service - Treasury 0021 
Initiative: Reduces funding for debt service costs. 
GENERAL FUND 
All Other 
GENERAL FUND TOTAL 
TREASURER OF STATE, OFFICE OF 
DEPARTMENT TOTALS 
GENERAL FUND 
DEPARTMENT TOTAL-ALL FUNDS 
SECTION TOTALS 
GENERAL FUND 
SECTION TOTAL - ALL FUNDS 
2015-16 
($200,000) 
($200,000) 
2015-16 
($219,500) 
($219,500) 
2015-16 
($219,500) 
($219,500) 
2015-16 
($419,500) 
($419,500) 
2016-17 
$0 
$0 
2016-17 
$0 
$0 
2016-17 
$0 
$0 
2016-17 
$0 
$0 
Emergency clause. 
In view of the emergency cited in the preamble, this 
legislation takes effect when approved.' ' 
Amend the amendment by relettering or renumbering any nonconsecutive Part letter 
or section number to read consecutively. 
SUMMARY 
This amendment adds an emergency preamble and clause and funds the changes to 
the educational opportunity tax credit by deappropriating funds from the Maine Historic 
3 
Preservation Commission and the Office of the Treasurer of State in fiscal year 2015 -16 
to reflect savings in program All Other costs and debt service. 
SENA TE AMENDMENT 
SENATE AMENDMENT" A" to SENATE AMENDMENT "A" to S.P. 678, L.D. 1657 
FISCAL NOTE REQUIRED 
SPONSORED BY: 
, v 
,.,. , 
., 
, 
,., 
, 
Jr 
I 'l 
(Senator HAMP 
COUNTY: &_ford 
SENA TE AMENDMENT 
Approved: 04/14/16 
feac 
LD 1657 
LR2724(08) 
An Act To Simplify and Expand the Educational Opportunity Tax Credit 
Fiscal Note for Senate Amendment ''A to Senate Amendment "A" 
Net Cost (Savings) 
General Fund 
Appropriations/ Allocations 
General Fund 
Revenue 
General Fund 
Other Special Revenue Funds 
Fiscal Detail and Notes 
Sponsor: Sen. Hamper of Oxford f'. 
?\ 
Fiscal Note Required: Yes 
l S ..... 533) 
Fiscal Note 
FY 2015-16 
($395,000) 
($419,500) 
($24,500) 
($500) 
FY 2016-17 
$0 
$0 
$0 
$0 
Projections 
FY 2017-18 
$0 
$0 
$0 
$0 
Projections 
FY 2018-19 
$0 
$0 
$0 
$0 
This amendment adds an emergency preamble and clause. It includes a General Fund deappropriation of $219,500 to 
the Office of Treasurer of State in fiscal year 2015-16 and a General Fund deappropriation of $200,000 to the Historic 
Preservation Commission in fiscal year 2015-16. 
This amendment adds the provisions of the committee amendment to LD 1505 into the bill. PL 2015, c. 267, Pt. QQQ 
expanded the educational opportunity tax credit to include consolidated loans for tax years beginning on or after 
January 1, 2016. The amendment provides that consolidated loans are eligible in tax year 2015 provided that the 
consolidated loans only include educational loans. The incremental effect of adding LD 1505 is to reduce General 
Fund revenue by $24,500 in fiscal year 2015-16 and reduce Local Government Fund revenue by $500 in fiscal year 
2015-16. 
LR2724(08) - Fiscal Note - Page 1 of 1