| | | Be it enacted by the People of the State of Maine as follows: |
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| | | Sec. 1. 36 MRSA §1485, is amended to read: |
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| | | §1485. Exemption from personal property taxation |
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| | | Any | has paid the excise tax on his | sections 1482 and 1484 shall be | | taxation of such vehicle for that year. |
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| | | Sec. 2. 36 MRSA §1485-A is enacted to read: |
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| | | §1485-A.__Personal property tax for truck tractors, trailers |
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| | | and semitrailers registered in this State |
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| | | A truck tractor, trailer or semitrailer registered in this | | State that exceeds 12,000 pounds in gross vehicle weight and that | | is used as a common, contract or private commercial carrier is | | subject to an annual personal property tax under this section.__A | | personal property tax payable under this section is in addition | | to any excise tax payable on that vehicle.__The Secretary of | | State shall collect any personal property tax due under this | | section at the time the taxable vehicle is registered and shall | | transfer that revenue to the Treasurer of State for deposit to | | the Highway Fund.__Revenues that accrue to the Highway Fund from | | this tax may be used by the Commissioner of Transportation only | | for repair and maintenance of municipally owned roads. |
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| | | Sec. 3. Personal property tax rate established by Secretary of State. The Secretary of | | State shall adopt rules proposing personal property tax rates for | | truck tractors, trailers and semitrailers subject to personal | | property taxes under the Maine Revised Statutes, Title 36, | | section 1485-A. The rates proposed by the Secretary of State | | must take into account the vehicle weight and miles traveled per | | year. Rules adopted under this section are major substantive | | rules as defined in Title 5, chapter 375, subchapter II-A. The | | Secretary of State shall provisionally adopt rules under this | | section not later than January 1, 2000 and shall submit those | | provisionally adopted rules to the Second Regular Session of the | | 119th Legislature. |
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| | | Sec. 4. Effective date. Sections 1 and 2 of this Act take effect on | | January 1, 2001. |
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| | | This bill establishes a personal property tax on commercial | | truck tractors, trailers and semitrailers registered in Maine. | | The tax takes effect on January 1, 2001. Money from the tax is | | deposited to the Highway Fund and must be used for repair and |
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