| HP0436 LD 620 |
Session - 128th Maine Legislature C "A", Filing Number H-102, Sponsored by
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LR 1087 Item 2 |
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| Bill Tracking, Additional Documents | Chamber Status | ||
Amend the bill in section 1 in paragraph PP in the 2nd line (page 1, line 4 in L.D.) by striking out the following: " $1,000" and inserting the following: ' $250'
Amend the bill by adding after section 1 the following:
‘Sec. 2. Appropriations and allocations. The following appropriations and allocations are made.
ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF
Revenue Services, Bureau of 0002
Initiative: Provides one-time funding to establish a line on both the individual and fiduciary income tax returns for qualified tuition program deductions.
| GENERAL FUND | 2017-18 | 2018-19 |
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All Other
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$22,000 | $0 |
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| GENERAL FUND TOTAL | $22,000 | $0 |
summary
This amendment reduces the bill's maximum contribution that qualifies for a deduction to $250 per designated beneficiary. This was the maximum contribution allowed when the deduction was repealed in 2015.
The amendment also adds an appropriations and allocations section.