An Act To Equalize the Premiums Imposed on the Sale of Motor Vehicle Oil
Sec. 1. 10 MRSA §1020, sub-§1, ¶¶A-2 and C-1, as amended by PL 2011, c. 211, §2 and affected by §27, are repealed.
Sec. 2. 10 MRSA §1020, sub-§6-A, as repealed and replaced by PL 2011, c. 211, §5 and affected by §27, is amended to read:
The premium is calculated as follows:
All premiums must be paid to the State Tax Assessor and are subject to the administrative provisions of Title 36, Parts 1 and 3 as though they were a sales tax liability. By the 20th day of each month, the State Tax Assessor shall notify the State Controller and the Treasurer of State of the amount of revenue attributable to the premium collected under this subsection in the previous month. When notified by the State Tax Assessor, the State Controller shall transfer that amount to the fund.
Sec. 3. Effective date. This Act takes effect October 1, 2013.
summary
Under current law, most motor vehicle oil is subject to a premium of 35¢ per gallon; gasoline engine crankcase oil that is distributed in a container with a volume of more than 5 gallons is subject to a premium of $1.10 per gallon.
This bill equalizes the premium for all motor vehicle oil, regardless of the container size, at 35¢ per gallon.