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Amend the amendment in section 1 in the first line (page 1, line 14 in amendment) by striking out the following: "HHH" and inserting the following: 'LLL'
Amend the amendment in section 1 in paragraph HHH in the first line (page 1, line 15 in amendment) by striking out the following: "HHH" and inserting the following: 'LLL'
Amend the amendment in section 1 in paragraph HHH in the 3rd line (page 1, line 17 in amendment) by striking out the following: "5219-VV" and inserting the following: '5219-XX'
Amend the amendment by inserting after paragraph HHH the following:
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Amend the bill in section 1 in subsection 5 in the last line (page 1, line 7 in L.D.) by striking out the following: "2020" and inserting the following: '2021'
Amend the bill in section 2 in the first line (page 1, line 8 in L.D.) by striking out the following: "5219-VV" and inserting the following: '5219-XX'
Amend the bill in section 2 in §5219-VV in the first line (page 1, line 9 in L.D.) by striking out the following: " 5219-VV " and inserting the following: ' 5219-XX '
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Amend the amendment by inserting after subparagraph (4) the following:
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Amend the bill in section 2 in §5219-VV by striking out subsections 2 and 3 (page 1, lines 33 to 36 and page 2, lines 1 to 20 in L.D.) and inserting the following:
 
‘2.  Credit allowed.     A taxpayer engaged in the production of renewable chemicals in the State is allowed a credit against the tax imposed by this Part on income derived during the taxable year from the production of renewable chemicals in the amount of 8¢ per pound of renewable chemical as long as the taxpayer demonstrates to the Department of Economic and Community Development that at least 75% of the employees of the contractors hired or retained to harvest renewable biomass used in the production of the renewable chemicals meet the eligibility conditions specified in the Employment Security Law.
 
If the taxpayer does not contract directly with those hired or retained to harvest the renewable biomass, the taxpayer may obtain the necessary documentation under this subsection from the landowner or other entity that contracts directly.’
Amend the bill in section 2 in §5219-VV in subsection 4 in the first line (page 2, line 21 in L.D.) by striking out the following: "either subsection 2 or 3" and inserting the following: 'subsection 2'
Amend the bill in section 2 in §5219-VV in the last indented paragraph (page 2, line 32 in L.D.) by striking out the following: "2020" and inserting the following: '2021'
Amend the bill in section 2 in §5219-VV by renumbering the subsections to read consecutively.
Amend the bill in section 3 in the 3rd line (page 2, line 35 in L.D.) by striking out the following: "5219-VV" and inserting the following: '5219-XX'
 
SUMMARY
This amendment changes the credit allowed under the bill to remove the variable credit of between 7¢ and 12¢ per pound of renewable chemical, which is based on the certification level of the contractors hired or retained to harvest the renewable biomass and the residency of those contractors' employees, to a flat credit of 8¢ per pound of renewable chemical as long as the taxpayer demonstrates to the Department of Economic and Community Development that at least 75% of the employees of the contractors hired or retained to harvest renewable biomass used in the production of the renewable chemicals meet the eligibility conditions specified in the Employment Security Law, in the Maine Revised Statutes, Title 26, chapter 13. This amendment also delays by one year the application date of the tax credit.
This amendment also corrects numbering conflicts in the bill and Committee Amendment "A" created when a chaptered law enacted provisions with the same paragraph letter or section number.