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Amend the bill by striking out the title and substituting the following:
‘An Act To Identify Funding To Offset Transfers to the Maine Clean Election Fund’
Amend the bill by striking out everything after the enacting clause and before the summary and inserting the following:
‘Sec. 1. 21-A MRSA §1124, sub-§2, ¶B, as amended by IB 2015, c. 1, §14, is further amended to read:
 
B. Three million dollars of the revenues from the taxes imposed under Title 36, Parts 3 and 8 and credited to the General Fund, transferred to the fund by the State Controller on or before January 1st of each year, beginning January 1, 1999. These revenues must be offset in an equitable manner by an equivalent reduction in tax expenditures as defined in Title 36, section 199-A, subsection 2within the administrative divisions of the legislative branch and executive branch agencies. This section may not affect the funds distributed to the Local Government Fund under Title 30-A, section 5681.
Sec. 2. 36 MRSA §199-E, as enacted by IB 2015, c. 1, §28, is repealed.
§ 199-E.Elimination of certain tax expenditures
No later than 45 days after the effective date of this section the committee shall report out to the Legislature legislation to permanently eliminate corporate tax expenditures totaling $6,000,000 per biennium, prioritizing for elimination low-performing, unaccountable tax expenditures with little or no demonstrated economic development benefit as determined by the Office of Program Evaluation and Government Accountability established in Title 3, section 991.’
 
SUMMARY
This amendment replaces the bill and changes the title. The amendment restores the offset for transfers of General Fund revenues to the Maine Clean Election Fund to reductions within the administrative divisions of the legislative branch and executive branch agencies and repeals the requirement that the Joint Standing Committee on Taxation report out to the Legislature a bill eliminating corporate tax expenditures totaling $6,000,000 per biennium.
FISCAL NOTE REQUIRED
(See attached)