Sec. F-1. 36 MRSA §5219-H, as enacted by PL 1991, c. 591, Pt. BBB, §2, is repealed and the following enacted in its place:
§5219-H. Application of credits against taxes
1. Meaning of tax. Whenever a credit provision in chapter 822, other than section 5219-W, allows for a credit "against the tax otherwise due under this Part," "against the tax imposed by this Part" or similar language, "tax" means all taxes under this Part, except the minimum tax imposed by section 5203-C and the taxes imposed by chapter 827.
2. Meaning of tax liability. Whenever a credit provided for in chapter 822 is limited by reference to tax liability, "tax liability" means the tax liability for all taxes under this Part, except the minimum tax imposed by section 5203-C and the taxes imposed by chapter 827.
Sec. F-2. Application. That section of this Part that repeals and replaces the Maine Revised Statutes, Title 36, section 5219-H applies to tax years beginning on or after January 1, 2004.
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