A taxpayer constituting an employing unit is allowed a credit against the tax imposed
by this Part for each taxable year equal to the lowest of:
A. Five thousand dollars; [1987, c. 769, Pt. A, §159 (RPR).]
B. Twenty percent of the costs incurred by the taxpayer in providing day care service
for children of employees of the taxpayer; or [1987, c. 769, Pt. A, §159 (RPR).]
C. One hundred dollars for each child of an employee of the taxpayer enrolled on a
full-time basis, or each full-time equivalent, throughout the taxable year in day
care service provided by the taxpayer or in the first year that the taxpayer provides
day care services, for each child enrolled on a full-time basis, or each full-time
equivalent, on the last day of the year. [1987, c. 769, Pt. A, §159 (RPR).]
1987, c. 769, Pt. A, §159 (RPR)
As used in this section, unless the context indicates otherwise, the following terms
have the following meanings.
A. "Employing unit" has the same meaning as in Title 26, section 1043. [1987, c. 769, Pt. A, §159 (RPR).]
B. "Providing day care services" means expending funds to build, furnish, license,
staff, operate or subsidize a day care center licensed by the Department of Health
and Human Services to provide day care services to children of employees of the taxpayer
at no profit to the taxpayer or to contract with a day care facility licensed by or
registered with the department to provide day care services to children of the employees
of the taxpayer. "Providing day care services" also includes the provision of day
care resource and referral services to employees and the provision of vouchers by
an employer to an employee for purposes of paying for day care services for children
of the employee. [1987, c. 769, Pt. A, §159 (RPR); 2003, c. 689, Pt. B, §6 (REV).]
C. "Quality child care services" has the meaning set forth in section 5219-Q, subsection
1. [2001, c. 396, §36 (AMD).]
2001, c. 396, §36 (AMD);
2003, c. 689, Pt. B, §6 (REV)
3.Carryover; carry back.
The amount of the credit that may be used by a taxpayer for a taxable year may not
exceed the amount of tax otherwise due under this Part. Any unused credit may be
carried over to the following year or years for a period not to exceed 15 years or
it may be carried back for a period not to exceed 3 years.
1999, c. 708, §45 (AMD)
4.Quality child care services.
The credit allowed under subsection 1 doubles in amount if the day care service
provided by the taxpayer constitutes quality child care services.
2001, c. 396, §37 (AMD)
1987, c. 343, §11 (NEW).
1987, c. 504, §32 (NEW).
1987, c. 769, §A159 (RPR).
1999, c. 401, §§NNN3,4 (AMD).
1999, c. 401, §§NNN8,9 (AFF).
1999, c. 708, §45 (AMD).
2001, c. 358, §D1 (AFF).
2001, c. 396, §§36,37 (AMD).
2003, c. 689, §B6 (REV).
Data for this page extracted on 01/05/2015 12:14:58.
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