B. Twenty percent of the amount contributed during the taxable year to a qualified scholarship organization for need-based scholarships for tax years beginning in 2006 2007; or

C. Fifty percent of the amount contributed during the taxable year to a qualified scholarship organization for need-based scholarships for tax years beginning after 2006 2007.

Sec. Q-4. 36 MRSA §2528, sub-§1, ¶B, as amended by PL 2003, c. 451, Pt. JJ, §4, is further amended to read:

B. Beginning in 2006 2007, 15% of the amount of loan repayments paid during the taxable year to a creditor on behalf of an employee of the taxpayer as part of a postsecondary education loan repayment agreement between the taxpayer and the employee of the taxpayer.

Sec. Q-5. 36 MRSA §5219-U, sub-§2, ¶¶B and C, as amended by PL 2003, c. 451, Pt. JJ, §5, are further amended to read:

B. Twenty percent of the amount contributed during the taxable year to a qualified scholarship organization for need-based scholarships for tax years beginning in 2006 2007; or

C. Fifty percent of the amount contributed during the taxable year to a qualified scholarship organization for need-based scholarships for tax years beginning after 2006 2007.

Sec. Q-6. 36 MRSA §5219-V, sub-§1, ¶B, as amended by PL 2003, c. 451, Pt. JJ, §6, is further amended to read:

B. Beginning in 2006 2007, 15% of the amount of loan repayments paid during the taxable year to a creditor on behalf of an employee of the taxpayer as part of a postsecondary education loan repayment agreement between the taxpayer and the employee of the taxpayer.

PART R

Sec. R-1. 5 MRSA §17151, sub-§2, as amended by PL 2003, c. 20, Pt. NN, §1, is further amended to read: