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Amend the amendment by striking out all of the first and 2nd paragraphs after the title (page 1, lines 12 to 15 in amendment) and inserting the following:
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Amend the bill by striking out all of sections 2 and 3 (page 1, lines 8 to 19 in L.D.) and inserting the following:
‘Sec. 2. 20-A MRSA §12541, sub-§8, as enacted by PL 2013, c. 525, §5, is amended to read:
 
8. Qualified employee.   "Qualified employee" has the same meaning as in Title 36, section 5217-D, subsection 1, paragraph E, except that for tax years beginning on or after January 1, 2019, "qualified employee" has the same meaning as in Title 36, section 5217-E, subsection 1, paragraph G.
Sec. 3. 20-A MRSA §12541, sub-§9, as enacted by PL 2013, c. 525, §6, is amended to read:
 
9. Qualified individual.   "Qualified individual" has the same meaning as in Title 36, section 5217-D, subsection 1, paragraph G, except that for tax years beginning on or after January 1, 2019, "qualified individual" has the same meaning as in Title 36, section 5217-E, subsection 1, paragraph H.
Amend the amendment on page 3 by inserting after the 3rd indented paragraph the following:
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Amend the bill in section 5 in §5217-E in subsection 1 in paragraph D in the 7th line (page 2, line 9 in L.D.) by inserting after the following: "portion of the" the following: 'education'
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Amend the amendment on page 3 by inserting after division (c) the following:
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Amend the bill in section 5 in §5217-E in subsection 2 in paragraph A in the 4th and 5th lines (page 3, lines 22 and 23 in L.D.) by striking out the following: "Payment of loan amounts in excess of the amounts due during the taxable year does not qualify for the credit."
Amend the bill in section 5 in §5217-E in subsection 2 by adding after paragraph B the following:
 
‘C.  A taxpayer entitled to a credit for any taxable year may carry over and apply to tax liability for any one or more of the next succeeding 5 years the portion, as reduced from year to year, of any unused credits.
Amend the amendment on page 3 in the 5th indented paragraph in the last line (page 3, line 23 in amendment) by striking out the following: "paragraph B (page 3, lines 34 to 36 in L.D.)" and inserting the following: 'paragraphs A and B (page 3, lines 31 to 36 in L.D.)'
Amend the amendment on page 3 by inserting after the 5th indented paragraph the following:
 
‘A. The amount paid on eligible education loans during the taxable year; and’
 
SUMMARY
This amendment provides that the annual credit may include loan amounts paid in excess of the amount due during a taxable year. The amendment also provides that credits in excess of those that may be used during a taxable year may be carried over for the next succeeding 5 years.
This amendment also makes technical corrections.