Sec. P-3. 36 MRSA §5122, sub-§1, ¶W, as enacted by PL 2003, c. 705, §9, is amended to read:

W. For tax years beginning on or after January 1, 2004, for an eligible individual as defined by the Code, Section 223 (c)(1), the amount of contributions to the eligible individual's health savings account under the Code, Sections 106 and 223 to the extent that those contributions, exclusive of rollovers, for the taxable year are not included in the eligible individual's federal adjusted gross income.; and

Sec. P-4. 36 MRSA §5122, sub-§1, ¶X is enacted to read:

X.__An amount equal to the taxpayer's federal deduction relating to income attributable to domestic production activities claimed in accordance with Section 102 of the federal American Jobs Creation Act of 2004, Public Law 108- 357.

Sec. P-5. 36 MRSA §5124-A, as amended by PL 2003, c. 479, §4, is further amended to read:

§5124-A. Standard deduction; resident

The standard deduction of a resident individual is equal to the standard deduction as determined in accordance with the Code, Section 63, except that for tax years beginning in 2003, 2004 and 2005 after 2002, the Code, Section 63(c)(2) must be applied as if the basic standard deduction is $5,000 in the case of a joint return and a surviving spouse and $2,500 in the case of a married individual filing a separate return.

Sec. P-6. 36 MRSA §5125, sub-§3, ¶A, as amended by PL 2003, c. 390, §34, is further amended to read:

A. Reduced by any amount attributable to income taxes or sales and use taxes imposed by this State or any other taxing jurisdiction;

Sec. P-7. 36 MRSA §5200-A, sub-§1, ¶N, as amended by PL 2003, c. 588, §16, is further amended to read:

N. With respect to property placed in service during the taxable year, an amount equal to the net increase in depreciation or expensing attributable to: