Maine LD 96: An Act To Increase the State Earned Income Credit

LD 96 (subjects: INCOME TAX , CREDITS )

Official bill page at mainelegislature.org: http://www.mainelegislature.org/legis/bills/display_ps.asp?ld=96&PID=1456&snum=127


Sponsors | Actions | Bill Text | Patterns of Support


Sponsors

Principal Sponsor: Rep. Peter Stuckey of Portland: (D – District 42) — e-mail

4 Cosponsors:

Actions

Chamber

Action
1/20/2015 House Committee on Taxation suggested and ordered printed.
The Bill was REFERRED to the Committee on TAXATION.
Sent for concurrence. ORDERED SENT FORTHWITH.
1/22/2015 Senate On motion by Senator McCormick of Kennebec, REFERRED to the Committee on Taxation, in concurrence.
6/1/2015 House CONSENT CALENDAR – FIRST DAY
Under suspension of the rules
CONSENT CALENDAR – SECOND DAY.
The Bill was PASSED TO BE ENGROSSED as Amended by Committee Amendment “A” (H-230)
Sent for concurrence. ORDERED SENT FORTHWITH.
6/2/2015 Senate Report READ
On motion by Senator McCORMICK of Kennebec Tabled until Later in Today’s Session, pending ACCEPTANCE of OUGHT TO PASS AS AMENDED Report , in concurrence.
Unfinished Business
6/3/2015 Senate Unfinished Business
6/4/2015 Senate Unfinished Business
6/5/2015 Senate Unfinished Business
6/8/2015 Senate Unfinished Business
6/9/2015 Senate Unfinished Business
6/10/2015 Senate Unfinished Business
6/11/2015 Senate Unfinished Business
6/12/2015 Senate Unfinished Business
6/15/2015 Senate Unfinished Business
6/17/2015 Senate Unfinished Business
6/17/2015 Senate Unfinished Business
6/18/2015 Senate Taken from the table by the President ProTem
On motion by Senator McCORMICK of Kennebec Bill and accompanying papers INDEFINITELY POSTPONED , in NON-CONCURRENCE.
Ordered sent down forthwith for concurrence.
6/19/2015 House INDEFINITELY POSTPONING the Bill and accompanying papers.
ORDERED SENT FORTHWITH.
Placed in the Legislative Files. (DEAD)

Bill Text

.

An Act To Increase the State Earned Income Credit

Be it enacted by the People of the State of Maine as follows:

Sec. 1. 36 MRSA 5219-S, as amended by PL 2009, c. 213, Pt. BBBB, 16, is further amended to read:

5219-S. Earned income credit

1. Resident taxpayer. A resident individual is allowed a credit against the tax otherwise due under this Part in the amount of 5% 10% of the federal earned income credit for the same taxable year, except that for tax years beginning in 2009 and 2010, the applicable percentage is 4% and for tax years beginning in 2011 but ending before 2015 the applicable percentage is 5%.
2. Nonresident taxpayer. A nonresident individual is allowed a credit against the tax otherwise due under this Part in the amount of 5% 10% of the federal earned income credit for the same taxable year, except that for tax years beginning in 2009 and 2010, the applicable percentage is 4% and for tax years beginning in 2011 but ending before 2015 the applicable percentage is 5%, multiplied by the ratio of the individual’s Maine adjusted gross income, as defined in section 5102, subsection 1-C, paragraph B, to the individual’s entire federal adjusted gross income, as modified by section 5122.
3. Part-year resident taxpayer. An individual who files a return as a part-year resident in accordance with section 5224-A is allowed a credit against the tax otherwise due under this Part in the amount of 5% 10% of the federal earned income credit for the same taxable year, except that for tax years beginning in 2009 and 2010, the applicable percentage is 4% and for tax years beginning in 2011 but ending before 2015 the applicable percentage is 5%, multiplied by a ratio, the numerator of which is the individual’s Maine adjusted gross income as defined in section 5102, subsection 1-C, paragraph A for that portion of the taxable year during which the individual was a resident plus the individual’s Maine adjusted gross income as defined in section 5102, subsection 1-C, paragraph B for that portion of the taxable year during which the individual was a nonresident and the denominator of which is the individual’s entire federal adjusted gross income, as modified by section 5122.
4. Refund. The credit allowed by this section may not reduce the Maine income tax to less than zero is fully refundable, except that, for tax years beginning before 2015, the credit allowed by this section may not reduce the Maine income tax to less than zero.

Sec. 2. Application. This Act applies to tax years beginning on or after January 1, 2015.

summary

This bill, beginning in 2015, increases the state earned income credit from 5% to 10% of the federal earned income credit and provides that the state earned income credit is fully refundable.

Patterns of Support

Pattern of Cosponsorship by Region:

Pattern of Cosponsorship by Gender:

Pattern of Cosponsorship by Party:

Pattern of Cosponsorship by Campaign Finance Classification:

Note: Maine Clean Elections Act (MCEA) Qualified candidates only accept a small dollar value of initial contributions early in their campaigns, pledge not to accept further campaign contributions from private sources, and receive public funding for their campaigns. MCEA Non-Qualified candidates choose not to obtain public funding and instead are free to accept campaign contributions from individuals, party committees, political action committees and business sources.


This information about LD 96 was last updated on 2016-05-12.
The Open Maine Politics website is in a beta release and results should not be taken as definitive. Please visit the official website of the Maine State Legislature for entirely verifiable information.

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