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Amend the bill in section 9 in §5217-E in subsection 1 in paragraph D in the 4th line (page 2, line 30 in L.D.) by striking out the following: "after 2007"
Amend the bill in section 9 in §5217-E in subsection 1 in paragraph H subparagraph (1) in the last line (page 3, line 15 in L.D.) by striking out the following: "after 2007"
Amend the bill in section 9 in §5217-E in subsection 2 in paragraph B in the last line (page 4, line 18 in L.D.) by inserting after the following: "zero" the following: ', except that for an individual eligible to receive a refundable credit under section 5217-D for a tax year beginning prior to 2020, the credit under this section is refundable for tax years beginning before January 1, 2022'
Amend the bill by striking out all of section 11 and inserting the following:
‘Sec. 11. Appropriations and allocations. The following appropriations and allocations are made.
 
FINANCE AUTHORITY OF MAINE
 
Educational Opportunity Tax Credit Marketing Fund Z174
 
Initiative: Provides funds to market the Job Creation Through Educational Opportunity Program throughout the State.

GENERAL FUND	2019-20	2020-21	
All Other	$75,000	$75,000	
			
GENERAL FUND TOTAL	$75,000	$75,000	
 
’
Amend the bill by relettering or renumbering any nonconsecutive Part letter or section number to read consecutively.
 
SUMMARY
This amendment removes the requirement that a taxpayer's degree was received after 2007 to receive a credit for student loan repayment and provides that taxpayers who were eligible for a refundable credit under the credit for educational opportunity may continue to receive a refundable credit for tax years beginning before January 1, 2022. The amendment also increases from $50,000 per year to $75,000 per year the funds provided to market the Job Creation Through Educational Opportunity Program.