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means a state, federal or military retirement plan or any | | other retirement benefit plan established and maintained by an | | employer for the benefit of its employees under the Code, | | Section 401(a), Section 403 or Section 457(b), except that | distributions made pursuant to a section | | are not eligible for the deduction provided by this paragraph | | if they are made prior to age 55 and are not part of a series | | of substantially equal periodic payments made for the life of | | the primary recipient or the joint lives of the primary | | recipient and that recipient's designated beneficiary. | | "Employee retirement plan" does not include an individual | | retirement account under Section 408 of the Code, a Roth IRA | | under Section 408A of the Code, a rollover individual | | retirement account, a simplified employee pension under | | Section 408(k) of the Code or an ineligible deferred | compensation plan under Section 457(f) of the Code. Benefits | | Pension benefits under an employee retirement plan do not | | include distributions that are subject to the tax imposed by | | the Code, Section 72(t). "Military retirement plan" means | | benefits received as a result of service in the active or | | reserve components of the Army, Navy, Air Force, Marines or | | Coast Guard; |
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| | | Sec. 54. 36 MRSA §5200-A, sub-§1, śN, as amended by PL 2005, c. 12, Pt. | | P, §7 and affected by §10, is further amended to read: |
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| | | 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: |
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| | | (1) For taxable years beginning on or after January 1, | | 2002 but prior to January 1, 2006, a 30% bonus | | depreciation deduction claimed by the taxpayer pursuant | | to Section 101 of the federal Job Creation and Worker | | Assistance Act of 2002, Public Law 107-147 with respect | | to property placed in service during the taxable year; |
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| | | (2) For taxable years beginning on or after January 1, | | 2002 but prior to January 1, 2006, a 50% bonus | | depreciation deduction claimed by the taxpayer pursuant | | to Section 201 of the federal Jobs and Growth Tax | | Relief Reconciliation Act of 2003, Public Law 108-27 | | with respect to property placed in service during the | | taxable year; and |
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| | | (3) For taxable years beginning on or after January 1, 2003 but | prior to January 1, 2008, the increase in aggregate cost claimed | | used under Section 179 of the Code pursuant to Section 202 of the | | federal Jobs and |
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