| | | Be it enacted by the People of the State of Maine as follows: |
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| | | Sec. 1. 20-A MRSA §15622 is enacted to read: |
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| | | The commissioner shall reduce the total allocation to a | | municipality under this chapter and chapter 606-A by an amount | | equal to the transfer of funds by the Treasurer of State to | | the municipality pursuant to Title 36, section 1817 or 5116, |
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| | | Sec. 2. 36 MRSA §508 is enacted to read: |
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| | | A municipality that receives revenue pursuant to section | | 1817 or 5116 that exceeds the total allocation the | | municipality would have otherwise received under Title 20-A, | | chapters 606 and 606-A must reduce the tax levied in the | | municipality under this part by the amount that the revenue | | exceeds the allocation.__The reduction of the tax under this | | Part pursuant to this section must be applied on a pro rata | | basis to every taxable property under this Part in the | | municipality. |
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| | | Sec. 3. 36 MRSA §1817 is enacted to read: |
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| | | §1817.__Local option sales and use tax |
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| | | 1.__Municipalities authorized to adopt.__If the legal voters | | of a municipality give their approval in a referendum vote, | | the legislative body of that municipality may impose a local | | option sales and use tax on all of the transactions subject to | | the tax imposed under this chapter.__The local option sales | | and use tax is at the same rate as and replaces the sales and | | use tax under this Part. |
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| | | 2.__Notify assessor.__A municipality that imposes a local | | option sales and use tax under this section shall notify the | | assessor at least 90 days before the local tax is effective. |
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| | | 3.__Administered by State.__Retailers in a municipality that | | has imposed a local option sales and use tax under this | | section shall transfer the revenue from that tax at the time | | of and in the manner provided for the transfer of state sales | | and use tax revenue.__The tax is subject to the same interest, | | penalties and administrative actions as other taxes assessed | | under this Part. |
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| | | 4.__Transfer of revenue.__Each month the assessor shall | | identify the amount of revenue attributable to each | | municipality under this section, subtract 15% and certify the | | net amount due |
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