‘An Act To Identify Funding To Offset Transfers to the Maine Clean Election Fund’
| HP1110 LD 1634 |
Session - 127th Maine Legislature C "A", Filing Number H-540, Sponsored by
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LR 2656 Item 2 |
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| Bill Tracking, Additional Documents | Chamber Status | ||
Amend the bill by striking out the title and substituting the following:
‘An Act To Identify Funding To Offset Transfers to the Maine Clean Election Fund’
Amend the bill by striking out everything after the enacting clause and before the summary and inserting the following:
‘Sec. 1. 21-A MRSA §1124, sub-§2, ¶B, as amended by IB 2015, c. 1, §14, is further amended to read:
Sec. 2. 36 MRSA §199-E, as enacted by IB 2015, c. 1, §28, is repealed.
§ 199-E. Elimination of certain tax expenditures
No later than 45 days after the effective date of this section the committee shall report out to the Legislature legislation to permanently eliminate corporate tax expenditures totaling $6,000,000 per biennium, prioritizing for elimination low-performing, unaccountable tax expenditures with little or no demonstrated economic development benefit as determined by the Office of Program Evaluation and Government Accountability established in Title 3, section 991.’
SUMMARY
This amendment replaces the bill and changes the title. The amendment restores the offset for transfers of General Fund revenues to the Maine Clean Election Fund to reductions within the administrative divisions of the legislative branch and executive branch agencies and repeals the requirement that the Joint Standing Committee on Taxation report out to the Legislature a bill eliminating corporate tax expenditures totaling $6,000,000 per biennium.