Sec. 1. 36 MRSA §1482, sub-§2-A is enacted to read:

2-A.__Tax paid on rented commercial vehicles.__The excise tax levied in this section that is paid by a lessee on a commercial motor vehicle that is rented must be prorated by the number of months of the lease.__For purposes of this subsection, "commercial motor vehicle" has the same meaning as in Title 29-A, section 101, subsection 17.

SUMMARY

This bill specifies that a lessee of a commercial motor vehicle pays a prorated excise tax on the rented vehicle based upon the number of months of the lease.