Sec. 22. 36 MRSA §4070, as amended by PL 1991, c. 546, §28, is repealed and the following enacted in its place:

§4070. Extension of time for filing return

1.__General.__The State Tax Assessor may grant a reasonable extension of time for filing a return required by this chapter, on terms and conditions the assessor may require, as long as payment reasonably estimating the tax due has been made on or before the original payment due date.__Except as provided in subsection 2, an extension for filing any return may not exceed 8 months.

2.__Federal extension.__When an extension of time is granted within which to file a federal estate tax return, the due date for filing the Maine estate tax return is automatically extended for an equivalent period, as long as payment reasonably estimating the tax due has been made on or before the original payment due date.

Sec. 23. 36 MRSA §4071, sub-§1, ¶E, as enacted by PL 1981, c. 451, §7, is amended to read:

E. The amount of the federal credit for state death taxes allowable to the decedent's estate.

Sec. 24. 36 MRSA §4641, sub-§1-A, ¶¶A and B, as enacted by PL 2001, c. 559, Pt. I, §1 and affected by §15, are amended to read:

A. In the case of a corporation, "controlling interest" means either 50% or more than 50% of the total combined voting power of all classes of stock of the corporation entitled to vote or 50% or more than 50% of the capital, profits or beneficial interest in the voting stock of the corporation.

B. In the case of a partnership, association, trust or other entity, "controlling interest" means 50% or more than 50% of the capital, profits or beneficial interest in the partnership, association, trust or other entity.