An Act To Increase the Earned Income Tax Credit for Maine Residents
Sec. 1. 36 MRSA §5219-S, sub-§1, as amended by PL 2009, c. 213, Pt. BBBB, §16, is further amended to read:
Sec. 2. 36 MRSA §5219-S, sub-§§2 and 3, as amended by PL 2009, c. 213, Pt. BBBB, §16, are repealed.
Sec. 3. Application. This Act applies to tax years beginning on or after January 1, 2015.
This bill increases the earned income tax credit for Maine residents from 5% of the federal earned income credit to 20% of the federal earned income credit. This bill also repeals the eligibility of nonresidents and part-year residents for the Maine earned income tax credit.