An Act To Create an Access to Justice Income Tax Credit
Sec. 1. 36 MRSA §191, sub-§2, ¶EEE is enacted to read:
Sec. 2. 36 MRSA §5219-RR is enacted to read:
§ 5219-RR. Access to justice credit
(1) First begins the private practice of law in the State by joining an existing legal practice in an underserved area or by establishing a new legal practice or purchasing an existing legal practice in an underserved area;
(2) Agrees to practice full time for at least 5 years in an underserved area; and
(3) Is certified by the board under subsection 3 to be eligible for the credit under this section.
This bill provides an income tax credit for 5 years for attorneys who begin the practice of law in the State and agree to practice for at least 5 years in an underserved area of the State as determined by the Board of Overseers of the Bar. Eligibility for the credit is open from 2019 through 2024. The board may certify up to 5 eligible attorneys each year. The joint standing committee of the Legislature having jurisdiction over taxation matters is directed to review the effectiveness of the credit and may submit legislation to extend or revise it.