LD 711
pg. 1
LD 711 Title Page An Act to Permit a Sales Tax Trade-in Credit for Leased or Rented Vehicles ... LD 711 Title Page
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LR 1874
Item 1

 
Be it enacted by the People of the State of Maine as follows:

 
Sec. 1. 36 MRSA §1766 is enacted to read:

 
§1766.__Trade-in credit on leased or rented automobiles

 
When one or more leased or rented automobiles are traded in
toward the sale price of one or more leased or rented
automobiles, the tax imposed by this Part may be levied only upon
the difference between the sale price of the leased or rented
automobiles and the trade-in allowance of the rented or leased
automobiles taken in trade.

 
SUMMARY

 
This bill proposes to allow a sales tax trade-in credit for
leased or rented automobiles.


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