1. Generally. Except as provided in subsection 2, an individual whose Maine taxable income determined as if the individual were a resident individual for the entire year is $2,000 or less is allowed a credit equal to the tax otherwise imposed on that individual by this Part. In no case may this credit reduce the Maine income tax to less than zero.
[ 2003, c. 390, §48 (AMD) .]
2. Exceptions. The following individuals are not eligible for the credit allowed by this section:
A. An individual who is claimed as a dependent on another individual's income tax return; and [1997, c. 557, Pt. E, §1 (NEW); 1997, c. 557, Pt. E, §2 (AFF); 1997, c. 557, Pt. G, §1 (AFF).]
B. An individual who is subject to the state minimum tax imposed by section 5203-C. [2003, c. 673, Pt. JJ, §5 (AMD); 2003, c. 673, Pt. JJ, §6 (AFF).]
[ 2003, c. 673, Pt. JJ, §5 (AMD); 2003, c. 673, Pt. JJ, §6 (AFF) .]
3. Returns not required. Notwithstanding section 5220 or any other provision of law, an individual who is eligible for this credit is not required to file a Maine income tax return.
[ 2003, c. 390, §48 (AMD) .]
SECTION HISTORY
1997, c. 557, §§E2,G1 (AFF). 1997, c. 557, §E1 (NEW). 2003, c. 390, §48 (AMD). 2003, c. 673, §JJ5 (AMD). 2003, c. 673, §JJ6 (AFF).
1. Generally. Except as provided in subsection 2, an individual whose Maine taxable income determined as if the individual were a resident individual for the entire year is $2,000 or less is allowed a credit equal to the tax otherwise imposed on that individual by this Part. In no case may this credit reduce the Maine income tax to less than zero.
[ 2003, c. 390, §48 (AMD) .]
2. Exceptions. The following individuals are not eligible for the credit allowed by this section:
A. An individual who is claimed as a dependent on another individual's income tax return; and [1997, c. 557, Pt. E, §1 (NEW); 1997, c. 557, Pt. E, §2 (AFF); 1997, c. 557, Pt. G, §1 (AFF).]
B. An individual who is subject to the state minimum tax imposed by section 5203-C. [2003, c. 673, Pt. JJ, §5 (AMD); 2003, c. 673, Pt. JJ, §6 (AFF).]
[ 2003, c. 673, Pt. JJ, §5 (AMD); 2003, c. 673, Pt. JJ, §6 (AFF) .]
3. Returns not required. Notwithstanding section 5220 or any other provision of law, an individual who is eligible for this credit is not required to file a Maine income tax return.
[ 2003, c. 390, §48 (AMD) .]
SECTION HISTORY
1997, c. 557, §§E2,G1 (AFF). 1997, c. 557, §E1 (NEW). 2003, c. 390, §48 (AMD). 2003, c. 673, §JJ5 (AMD). 2003, c. 673, §JJ6 (AFF).
1. Generally. Except as provided in subsection 2, an individual whose Maine taxable income determined as if the individual were a resident individual for the entire year is $2,000 or less is allowed a credit equal to the tax otherwise imposed on that individual by this Part. In no case may this credit reduce the Maine income tax to less than zero.
[ 2003, c. 390, §48 (AMD) .]
2. Exceptions. The following individuals are not eligible for the credit allowed by this section:
A. An individual who is claimed as a dependent on another individual's income tax return; and [1997, c. 557, Pt. E, §1 (NEW); 1997, c. 557, Pt. E, §2 (AFF); 1997, c. 557, Pt. G, §1 (AFF).]
B. An individual who is subject to the state minimum tax imposed by section 5203-C. [2003, c. 673, Pt. JJ, §5 (AMD); 2003, c. 673, Pt. JJ, §6 (AFF).]
[ 2003, c. 673, Pt. JJ, §5 (AMD); 2003, c. 673, Pt. JJ, §6 (AFF) .]
3. Returns not required. Notwithstanding section 5220 or any other provision of law, an individual who is eligible for this credit is not required to file a Maine income tax return.
[ 2003, c. 390, §48 (AMD) .]
SECTION HISTORY
1997, c. 557, §§E2,G1 (AFF). 1997, c. 557, §E1 (NEW). 2003, c. 390, §48 (AMD). 2003, c. 673, §JJ5 (AMD). 2003, c. 673, §JJ6 (AFF).
