Sec. B-1. PL 1997, c. 557, Pt. B, §13 is repealed and the following enacted in its place:
Sec. B-13. Transfer of funds. The State Controller shall transfer from the Tax Relief Fund for Maine Residents to the General Fund $434,232 in fiscal year 1997-98 and $2,195,280 in fiscal year 1998-99 to offset the revenue loss associated with the credits and exemptions established in this Part.
Sec. B-2. PL 1997, c. 557, Pt. B, §14 is enacted to read:
Sec. B-14. Application. Those sections of this Part that enact the Maine Revised Statutes, Title 36, section 1752, subsection 1-E; amend Title 36, section 1752, subsection 17; and repeal Title 36, section 1752, subsection 17-A, paragraph F apply to transactions occurring on or after October 1, 1997. That section of this Part that enacts Title 36, sections 5219-L and 5219-M applies to tax years beginning on or after January 1, 1998.
Sec. B-3. PL 1997, c. 557, Pt. D, §3 is repealed and the following enacted in its place:
Sec. D-3. Transfer of funds. The State Controller shall transfer from the Tax Relief Fund for Maine Residents to the General Fund $44,698 in fiscal year 1997-98 and $74,022 in fiscal year 1998-99 to offset the revenue loss associated with the sales tax exemption established in this Part.
Sec. B-4. PL 1997, c. 557, Pt. D, §4 is enacted to read:
Sec. D-4. Application. This Part applies to transactions occurring on or after October 1, 1997.
Sec. B-5. PL 1997, c. 557, Pt. E, §3 is repealed and the following enacted in its place:
Sec. E-3. Transfer of funds. The State Controller shall transfer from the Tax Relief Fund for Maine Residents to the General Fund $1,400,724 in fiscal year 1997-98 and $982,215 in fiscal year 1998-99 to offset the revenue loss associated with the income tax credit established in this Part.
| Revisor of Statutes Homepage | Subject Index | Search | Laws of Maine | Maine Legislature |
