Sec. 1. 36 MRSA §141, sub-§2, ¶A, as enacted by PL 1979, c. 378, §4, is amended to read:

A. An assessment may be made within 6 years from the date the return was filed if the tax liability shown on the return is less than 1/2 of the tax liability determined by the State Tax Assessor and the additional liability is attributable to information which that was required to be reported but was not reported in the return or was reported inaccurately.__In the case of taxes assessed pursuant to Part 3, an inaccurately reported transaction includes, but is not limited to, a transaction that is listed on a return as an exempt transaction when it should have been listed as a taxable transaction.

Sec. 2. 36 MRSA §1752, sub-§17-A, ¶G, as amended by PL 2001, c. 396, §21, is further amended to read:

G. Rental of video tapes media and video equipment;

Sec. 3. 36 MRSA §1752, sub-§23, as repealed and replaced by PL 1989, c. 871, §8, is amended to read:

23. Video media; video equipment. "Video tapes media" means prerecorded magnetic tapes used for noncommercial playback of images and sound on video equipment. It also includes, and other electronic audio and video media that provide for noncommercial interactive utilization by a person or persons, including digital video discs. "Video equipment" means equipment used to play back video tapes media, equipment used for recording images and sound for subsequent noncommercial playback and equipment used for noncommercial interactive utilization of electronic audio and video media.

Sec. 4. 36 MRSA §4362-A, sub-§§2 and 3, as enacted by PL 1997, c. 458, §3, are amended to read:

2. Applications; forms. An application for a distributor's license must be made on a form prescribed and issued by the assessor and must be accompanied by a fee of $250. Licenses are issued in the form prescribed by the assessor and must contain the name and address of the license holder, the address of the place of business and such other information as the assessor may require for the proper administration of this chapter.

3. Expiration and reissuance. A distributor's license expires one year from the 31st 30th day of July June next succeeding the date of issuance unless sooner revoked by the