An Act To Update References to the United States Internal Revenue Code of 1986 Contained in the Maine Revised Statutes, Decouple Federal Bonus Depreciation Deductions and Create a Maine Capital Investment Credit
Maine Legislature, Session 127, LD 0138
House Amendment HA_A_H2 (House)
Amends: 36 MRSA §5122

HOUSE AMENDMENT "~,, to H.P. 96, L.D. 138, Bill, "An Act To Update 
References to the United States Internal Revenue Code of 1986 Contained in the Maine 
Revised Statutes, Decouple Federal Bonus Depreciation Deductions and Create a Maine 
Capital Investment Credit" 
Amend the bill by striking out all of section 4 and inserting the following: 
'Sec. 4. 36 MRSA §5122, sub-§1, ~I is enacted to read: 
II. 
For taxable years beginning in 2014, an amount equal to the net increase in 
depreciation attributable to the depreciation deduction claimed by the taxpayer under 
the Code, Section 168(k) with respect to property placed in service during the taxable 
year.' 
Amend the bill in section 7 in paragraph NN in the 6th line (page 3, line 4 in L.D.) by 
striking out the following: ", subparagraph (2)" 
Amend the bill in section 7 in paragraph NN in the 11th and 12th lines (page 3, lines 
and 10 in L.D.) by striking out the following: ", subparagraph (2)" 
Amend the bill in section 7 in paragraph NN in the last 2 lines (page 3, lines 13 and 
in L.D.) by striking out the following: ", subparagraph (2)" 
Amend the bill by striking out all of section 1 0 and inserting the following: 
'Sec. 10. 36 MRS A §5200-A, sub-§1, ~B is enacted to read: 
BB. For taxable years beginning in 2014, an amount equal to the net increase in 
depreciation attributable to the depreciation deduction claimed by the taxpayer under 
the Code, Section 168(k) with respect to property placed in service during the taxable 
year.' 
Amend the bill in section 13 in paragraph Z in the 6th line (page 4, line 29 in L.D) by 
striking out the following: ", subparagraph (2)" 
Amend the bill in section 13 in paragraph Z in the 11th line (page 4, line 34 in L.D) 
by striking out the following: ", subparagraph (2)" 
Amend the bill in section 13 in paragraph Z in the last 2 lines (page 4, lines 37 and 38 
in L.D) by striking out the following: ", subparagraph (2)" 
HOUSE AMENDMENT 
r 
r::;~ ( 
HOUSE AMENDMENT" ~"to H.P. 96, L.D. 138 
Amend the bill by striking out all of section 14 and inserting the following: 
'Sec. 14. One-time 30% increase in property tax fairness credit. The State 
Tax Assessor shall increase by 30% the property tax fairness credit allowed an individual 
under the Maine Revised Statutes, Title 36, section 5219-KK, subsection 2. This credit is 
only available for taxpayers filing for th(! property tax fairness credit for the tax year 
beginning: in 2014. If an individual has filed a tax return and been given the property tax 
fairness credit for the tax years beginning in 2014 prior to the effective date of this 
section, the State Tax Assessor shall detennine the amount of the credit due that taxpayer 
and certify it to the Treasurer of State, who shall forward the increased credit amount to 
that taxpayer.' 
Amend the bill by adding after section 15 the following: 
'Sec. 16. Appropriations and al1ocations. The following appropriations and 
allocations are made. 
ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF 
:[ 5 
Revenue Services, Bureau of 0002 
Initiative: Provides one-time funding for computer programming, check printing and 
I7 
mailing costs related to changes to accommodate the one-time 30% additional refund. 
GENERAL FUND 
All Other 
GENERAL FUND TOTAL 
2014-15 
$90,000 
$90,000 
SUMMARY 
2015-16 
$0 
$0 
2016-17 
$0 
$0 
This amendment removes the Maine capital investment credit. The savings is used to 
increase the amount of the income tax cre,dit available to a taxpayer under the property 
tax fairness credit by 30% on a one-time basis for the tax years beginning in 2014. The 
amendment also adds an appropriations and allocations section. 
FISCAL NOTE REQUIRED 
(Se~~ attached) 
SPONSORED BY: ~~m-~­
(Representative TIPP 
G-SPITZ) 
TOWN: Orono 
HOUSE AMENDMENT 
'I,. 
~ 
Approved: 02/11/15 ;Wac 
LD 138 
LR 1855(04) 
An Act To Update References to the United States Internal Revenue Code of 1986 Contained in the 
Maine Revised Statutes, Decouple Federal Bonus Depreciation Deductions and Create a Maine 
Capital Investment Cr~dit 
Net Cost (Savings) 
General Fund 
Approp riationsl Allocations 
General Fund 
Revenue 
General Fund 
Fiscal Note for House Amendment 'If to Original Bill 
Sponsor: Rep. Tipping-Spitz of Orono 
Fiscal Note Required: Yes 
Fiscal Note 
FY 2014-15 
FY 2015-16 
FY 2016-17 
($206,404) 
($300,184) 
$2,559,887 
$90,000 
$0 
$0 
Projections 
FY 2017-18 
$1,839,088 
$0 
Other Special Revenue Funds 
$296,404 
$15,600 
$300,184 
$15,799 
($2,559,887) 
($134,731) 
($1,839,088) 
($96,794) 
Fiscal Detail and Notes 
Projections 
FY 2018-19 
$1,310,403 
$0 
($1,310,403) 
($68,969) 
This floor amendment removes the provisions of the committee amendment related to extending the Maine capital 
investment credit for taxable years beginning in 2014. It also increases, on a one-time basis, the individual income tax 
refunds of all taxpayers filing for a property tax fairness credit for tax year ended December 31,2014 by 30%. These 
provisions increase General Fund revenue by $296,404 in fiscal year 2015 and by $300,184 in fiscal year 2016, and 
decrease General Fund revenue by $2,559,887 in fiscal year 2017. They also increase Local Government Funds 
revenue by $15,600 in fiscal year 2015 and $15,799 in fiscal year 2016, and decrease Local Government Funds 
revenue by $134,731 in fiscal year 2017. The Department of Administrative and Financial Services will require a one-
time General Fund appropriation of $90,000 in fiscal year 2014-15 for computer programming, check printing and 
mailing costs related to changes to accommodate the one-time 30% additional refund. 
LRI855(04) - Fiscal Note - Page 1 of 1