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X. The taxpayer's pro rata share of an amount that was | | previously added back to federal taxable income pursuant to | | section 5200-A, subsection 1, paragraph N by an S corporation | | of which the taxpayer is a shareholder and by which, absent | | the S corporation election, the corporation could have reduced | | its federal taxable income for the taxable year pursuant to | | section 5200-A, subsection 2, paragraph M. |
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| | | Sec. 31. 36 MRSA §6664, sub-§2, as enacted by PL 2005, c. 12, Pt. BBB, | | §5, is amended to read: |
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| | | 2. Cooperation. The | | chapter, the Department of Economic and Community Development and | | municipalities shall provide any information requested by the | | State Tax Assessor for the completion of the report required by | | this section. |
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| | | Sec. 32. 36 MRSA §6754, sub-§2, śC, as enacted by PL 1995, c. 669, §5, | | is amended to read: |
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| | | C. A business electing to take the jobs and investment tax | | credit under section 5215 may not claim reimbursement under | | this chapter until the full amount of allowable jobs and | | investment tax credit benefits have been claimed. This | | limitation does not apply to claims for reimbursement of | | withholding for qualified Pine Tree Development Zone | | employees as defined in Title 30-A, section 5250-I, | | subsection 18, if those employees and any investment in the | | related Pine Tree Development Zone are not included in | | calculating the jobs and investment tax credit under section | | 5215. |
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| | | Sec. 33. Application. That section of this Act that enacts the | | Maine Revised Statutes, Title 36, section 4062, subsection 8 | | applies to the estate of any decedent dying on or after January | | 1, 2006. Those sections of this Act that amend Title 36, section | | 4071, subsections 1 and 3 apply to the estate of any decedent | | dying on or after January 1, 2006. Those sections of this Act | | that enact Title 36, section 5122, subsection 2, paragraphs V, W | | and X apply to tax years beginning on or after January 1, 2005. | | That section of this Act that amends Title 36, section 6754, | | subsection 2, paragraph C applies to tax years beginning on or | | after January 1, 2006. |
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| | | Sec. 34. Retroactivity. That section of this Act that amends the | | Maine Revised Statutes, Title 36, section 4366-A, subsection 2 | | applies retroactively to September 19, 2005. That |
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