Sec. 1. 36 MRSA §1481, sub-6-A is enacted to read:

6-A__Program car.__"Program car" means an automobile that is sold as a used vehicle by a commercial enterprise after that commercial enterprise used the automobile for leasing or rental purposes.

Sec. 2. 36 MRSA §1482, sub-§3-A is enacted to read:

3-A.__Program car sold within a year.__If a program car is sold by a commercial enterprise within the program car's first registration year and the excise tax paid by the commercial enterprise was for a new motor vehicle, the excise tax paid by the 2nd purchaser is determined by the resale price of the program car.

SUMMARY

This bill makes the excise tax for the resale of a program car within the car's first registration year determined by the resale price. A program car is an automobile that a commercial enterprise sells as used after using the automobile for leasing or rental purposes.