LD 719
pg. 2
Page 1 of 2 An Act to Increase the Income Tax Deduction on Private, Public and Military Pen... LD 719 Title Page
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LR 179
Item 1

 
subsection 2, paragraph M applies to tax years beginning on or
after January 1, 2001.

 
SUMMARY

 
This bill increases from $6,000 to $10,000 the amount of the
state income tax deduction for income received from public,
private and military pensions.

 
This bill also corrects a conflict created by Public Law 1999,
chapters 708 and 731, each of which enacted a new Maine Revised
Statutes, Title 36, section 5122, subsection 2, paragraph M.
This bill resolves the conflict by reallocating one of the new
paragraphs to be the Maine Revised Statutes, Title 36, section
5122, subsection 2, paragraph N.


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