taxable income

At least $16,700 $334 plus 4.5%

but less than of the excess

$50,000 over $16,700

At least $50,000 but $1,833 plus 7%

less than $100,000 of the excess

over $50,000

$100,000 or more $5,333 plus

8.5% of the

excess over

$100,000

Sec. 96. 36 MRSA §5126, as amended by PL 2001, c. 583, §16, is further amended to read:

§5126. Personal exemptions

For income tax years beginning on or after January 1, 1998 but before January 1, 1999, a resident individual is allowed $2,400 for each exemption that the individual properly claims for the taxable year for federal income tax purposes, unless the taxpayer is claimed as a dependent on another return. For income tax years beginning on or after January 1, 1999 but before January 1, 2000, a resident individual is allowed $2,750 for each exemption that the individual properly claims for the taxable year for federal income tax purposes, unless the taxpayer is claimed as a dependent on another return. For income tax years beginning on or after January 1, 2000 but before January 1, 2006, a resident individual is allowed $2,850 for each exemption that the individual properly claims for the taxable year for federal income tax purposes, unless the taxpayer is claimed as a dependent on another return. For tax years beginning on or after January 1, 2006, a resident individual is allowed an amount equal to the personal exemption amount determined under the Code, Section 151 for each exemption that the individual properly claims for the taxable year for federal income tax purposes, unless the taxpayer is claimed as a dependent on another return.

Sec. 97. 36 MRSA §5219-S, as amended by PL 2003, c. 20, Pt. GG, §1, is further amended to read:

§5219-S. Earned income credit

A taxpayer is allowed a refundable credit against the taxes otherwise due under this Part equal to 5% 10% of the federal