B. Twenty percent of the amount contributed during the taxable year to a qualified scholarship organization for need-based scholarships for tax years beginning in 2005 2006; or

C. Fifty percent of the amount contributed during the taxable year to a qualified scholarship organization for need-based scholarships for tax years beginning after 2005 2006.

Sec. JJ-6. 36 MRSA §5219-V, sub-§1, ¶B, as enacted by PL 2003, c. 20, Pt. DD, §6, is amended to read:

B. Beginning in 2005 2006, 15% of the amount of loan repayments paid during the taxable year to a creditor on behalf of an employee of the taxpayer as part of a postsecondary education loan repayment agreement between the taxpayer and the employee of the taxpayer.

PART KK

Sec. KK-1. 36 MRSA §5122, sub-§1, ¶R, as enacted by PL 2003, c. 20, Pt. II, §2, is repealed.

PART LL

Sec. LL-1. Appropriations and allocations. The following appropriations and allocations are made.

ECONOMIC AND COMMUNITY DEVELOPMENT, DEPARTMENT OF

Administration - Economic and Community Development 0069

Initiative: Transfers General Fund funds appropriated to the Maine Space Grant Consortium in fiscal year 2004-05 to fiscal year 2003-04.

General Fund 2003-04 2004-05

All Other $100,000 ($100,000)

______________ ______________

General Fund Total $100,000 ($100,000)

Administration - Economic and Community Development 0069