| | | public assistance and relief, but not including relief granted | | under this chapter. "Income" does not include the first $5,000 in | | the proceeds from a life insurance policy, whether paid in a lump | | sum or in the form of an annuity. "Income" does not include a | | rollover from an individual retirement account, pension or | | annuity fund or plan to an individual retirement account, pension | | or annuity fund or plan even if the amount of the rollover is | | includable in Maine adjusted gross income. "Income" also does | | not include gifts from nongovernmental sources or surplus foods | | or other relief in kind supplied by a governmental agency. |
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| | | Sec. EEE-2. Application. That section of this Part that amends the | | Maine Revised Statutes, Title 36, section 6201, subsection 9 | | applies to claims for benefits under the Maine Residents Property | | Tax Program filed for application periods that begin on or after | | August 1, 2005. |
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| | | Sec. FFF-1. 36 MRSA §5200, as amended by PL 2001, c. 396, §35, is | | repealed and the following enacted in its place: |
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| | | §5200. Imposition and rate of tax |
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| | | 1.__Imposition and rate of tax.__A tax is imposed for each | | taxable year at the following rates on each taxable corporation | | or group of corporations that derives income from a unitary | | business carried on by 2 or more members of an affiliated group: |
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| | | If the Maine income is: | The tax is: | |
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| | | $25,000 but not over $75,000 | $875 plus 7.93% of | |
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| | | $75,000 but not over $250,000 | $4,840 plus 8.33% of | |
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| | | In the case of an affiliated group of corporations engaged in a | | unitary business with activity taxable only by Maine, the rates | | provided in this subsection are applied only to the first | | $250,000 of the Maine net income of the entire group and must be | | apportioned equally among the taxable corporations unless those | | taxable corporations jointly elect a different apportionment. The |
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