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tangible personal property and taxable services taxed at a rate of | 6%shall fall | | 0.5% on the subsequent October 1st, unless the Legislature takes | | action to prevent the reduction. |
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| | | Sec. 3. 36 MRSA §1812, sub-§1, ĥA-1 is enacted to read: |
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| | | A-1.__If the tax rate is 5%: |
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| | | Amount of Sale Price Amount of Tax |
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| | | $0.01 to $0.10, inclusive 0˘ |
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| | | .11 to__ .20, inclusive 1˘ |
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| | | .21 to__ .40, inclusive 2˘ |
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| | | .41 to__ .60, inclusive 3˘ |
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| | | .61 to__ .80, inclusive 4˘ |
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| | | .81 to__1.00, inclusive 5˘ |
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| | | Sec. 4. Effective date. This Act takes effect on October 1, 1999. |
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| | | This bill reduces the sales tax to 5%, effective October 1, | | 1999. |
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