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Amend the bill by striking out the title and substituting the following:
‘An Act To Reduce Taxes on Maine Residents’
Amend the bill in Part A by striking out all of section 14.
Amend the bill by striking out all of Parts E, F, G and L.
Amend the bill by relettering or renumbering any nonconsecutive Part letter or section number to read consecutively.
 
SUMMARY
This amendment removes those portions of the bill that:
1. Change the corporate tax to a flat rate of 8.93%;
2. Expand the sales tax base;
3. Increase the tax on prepared foods, lodging and short-term automobile rentals;
4. Change the format of the real estate transfer tax; and
5. Increase the excise tax on wine and malt liquor.
This amendment also strikes the appropriations and allocations section providing funding to Maine Revenue Services.
FISCAL NOTE REQUIRED
(See attached)