Sec. 27. 36 MRSA §5122, sub-§1, ¶A, as corrected by RR 1991, c. 2, §136, is amended to read:

A. Interest or dividends on obligations or securities of any state other than this State, or of a political subdivision or authority of any state other than this State and its political subdivisions and authorities, to the extent that interest or those dividends are not included in the recipient's federal adjusted gross income;

Sec. 28. 36 MRSA §5122, sub-§1, ¶D, as amended by PL 1983, c. 855, §15, is further amended to read:

D. The For income tax years beginning before January 1, 2002, the amount of any net operating loss in the taxable year which that has been carried back to previous years pursuant to the United States Internal Revenue Code, Section 172;

Sec. 29. 36 MRSA §5122, sub-§1, ¶J, as amended by PL 2001, c. 559, Pt. GG, §8 and affected by §26, is further amended to read:

J. The amount claimed as a business expense deduction in determining federal adjusted gross income that is included in the investment credit base for the high-technology investment tax credit;

Sec. 30. 36 MRSA §5122, sub-§2, ¶A, as amended by PL 2001, c. 177, §1, is further amended to read:

A. Interest or dividends on obligations of the United States and its territories and possessions or of any authority, commission or instrumentality of the United States, to the extent includable that interest or those dividends are included in federal adjusted gross income for federal income tax purposes, but exempt from state income taxes under the laws of the United States, provided that the.__The amount subtracted is must be decreased by any expenses incurred in the production of the interest or dividend income to the extent that these those expenses, including amortizable bond premiums, are deductible deducted in determining federal adjusted gross income;

Sec. 31. 36 MRSA §5122, sub-§2, ¶B, as amended by PL 1997, c. 127, §2, is further amended to read: