Sec. B-55. 36 MRSA §1503, sub-§8-B, as enacted by PL 1997, c. 324, §4 and affected by §7, is amended to read:

8-B. Registration period. "Registration period" means from January 1st to December 31st of the year for which the certificate of number is issued pursuant to Title 12, section 7794 13056.

Sec. B-56. 36 MRSA §1504, sub-§1, as amended by PL 1987, c. 196, §§6 and 7, is further amended by amending the first paragraph to read:

1. Payment schedule. An excise tax shall be is payable annually by the owner of each watercraft located in this State, except those exempt under subsection 4, within 10 days of operation upon the waters of this State, or prior to obtaining a certificate of number pursuant to Title 12, section 7794 13056, or prior to July 1st, whichever event first occurs, based on the following schedules. For 1984, watercraft subject to the watercraft excise tax, which that are not required to register under Title 12, former chapter 715, shall are not be required to pay the excise tax until June 30, 1984.

Sec. B-57. 36 MRSA §1504, sub-§4, ķE, as enacted by PL 1983, c. 92, Pt. B, §9, is amended to read:

E. Watercraft 20 feet or less in length which that are not required to be registered under Title 12, section 7794 13056.

Sec. B-58. 36 MRSA §1504, sub-§7, as amended by PL 1985, c. 726, §6, is further amended to read:

7. Evidence of tax payment. Each watercraft, required to pay the excise tax established by this chapter but not required to be registered under Title 12, section 7794 13056, shall must display a current excise tax decal as directed by the commissioner. A current excise tax decal shall must be issued by the municipal tax collector or tribal clerk upon the payment of all excise taxes due under this chapter. The commissioner shall make excise tax decals available at cost to municipalities and Indian reservations. For watercraft required to be registered under Title 12, section 7794 13056, the registration sticker shall be is considered evidence of tax payment.