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Amend the bill in section 3 in subsection 1-G in the 8th line (page 1, line 36 in L.D.) by striking out the following: "$2,918" and inserting the following: '$2,919'
Amend the bill by striking out all of section 11 and inserting the following:
‘Sec. 11. 36 MRSA §5403, sub-§1, as enacted by PL 2015, c. 267, Pt. DD, §33, is amended to read:
 
1. Individual income tax rate tables.   For the tax rate tables in section 5111:
 
A. Beginning inIn 2016 and each year thereafter, 2017 and 2018, by the lowest dollar amounts of the tax rate tables specified in section 5111, subsections 1-F, 2-F and 3-F, except that for the purposes of this paragraph, notwithstanding section 5402, subsection 1-B, the "cost-of-living adjustment" is the Chained Consumer Price Index for the 12-month period ending June 30th of the preceding calendar year divided by the Chained Consumer Price Index for the 12-month period ending June 30, 2015; and
 
B. Beginning inIn 2017 and each year thereafter2018, by the highest taxable income dollar amountamounts of eachthe tax rate tabletables specified in section 5111, subsections 1-F, 2-F and 3-F, except that for the purposes of this paragraph, notwithstanding section 5402, subsection 1-B, the "cost-of-living adjustment" is the Chained Consumer Price Index for the 12-month period ending June 30th of the preceding calendar year divided by the Chained Consumer Price Index for the 12-month period ending June 30, 2016;
 
C.  In 2019 and 2020, by the lowest dollar amounts of the tax rate tables specified in section 5111, subsections 1-G, 2-G and 3-G, except that for the purposes of this paragraph, notwithstanding section 5402, subsection 1-B, the "cost-of-living adjustment" is the Chained Consumer Price Index for the 12-month period ending June 30th of the preceding calendar year divided by the Chained Consumer Price Index for the 12-month period ending June 30, 2015;
 
D.  In 2019 and 2020, by the highest taxable income dollar amounts of the tax rate tables specified in section 5111, subsections 1-G, 2-G and 3-G, except that for the purposes of this paragraph, notwithstanding section 5402, subsection 1-B, the "cost-of-living adjustment" is the Chained Consumer Price Index for the 12-month period ending June 30th of the preceding calendar year divided by the Chained Consumer Price Index for the 12-month period ending June 30, 2016;
 
E.  Beginning in 2021 and each year thereafter, by the lowest dollar amounts of the tax rate tables specified in section 5111, subsections 1-H, 2-H and 3-H, except that for the purposes of this paragraph, notwithstanding section 5402, subsection 1-B, the "cost-of-living adjustment" is the Chained Consumer Price Index for the 12-month period ending June 30th of the preceding calendar year divided by the Chained Consumer Price Index for the 12-month period ending June 30, 2015; and
 
F. Beginning in 2021 and each year thereafter, by the highest taxable income dollar amounts of the tax rate tables specified in section 5111, subsections 1-H, 2-H and 3-H, except that for the purposes of this paragraph, notwithstanding section 5402, subsection 1-B, the "cost-of-living adjustment" is the Chained Consumer Price Index for the 12-month period ending June 30th of the preceding calendar year divided by the Chained Consumer Price Index for the 12-month period ending June 30, 2016;’
Amend the bill by relettering or renumbering any nonconsecutive Part letter or section number to read consecutively.
 
SUMMARY
This amendment corrects a rounding error in the bill and adds language to make inflation adjustments to the tax tables.
FISCAL NOTE REQUIRED
(See attached)