5. Transfers to funds. On the last day of each month, the Treasurer of State shall transfer to the Local Government Fund a percentage, as provided in this subsection, of the receipts from the taxes imposed under Title 36, Parts 3 and 8 and Title 36, section 2886, subsection 2 and credited to the General Fund without any reduction, except that the postage, state cost allocation program and programming costs of administering state- municipal revenue sharing may be paid by the Local Government Fund. Any amounts transferred to the Local Government Fund in excess of the annual growth ceiling must be transferred to the Disproportionate Tax Burden Fund. The percentage transferred to the Local Government Fund on the last day of each month is:

A. For months beginning before July 1, 2005, 5.1%; and

B. For months beginning on or after July 1, 2005, 5.2%.

Sec. I-2. 36 MRSA §1485-A is enacted to read:

§1485-A.__Excise tax reimbursement allowed certain cases

1.__Excise tax reimbursement allowed in certain cases.__A vehicle owner who owns a vehicle for a period of less than one year and a rental company engaged in the business of renting automobiles for a period of less than one year are entitled to reimbursement of excise tax paid as provided by this section.__ The State Tax Assessor shall determine the reimbursement to be paid to a taxpayer filing a return pursuant to subsection 2.__The reimbursement is determined by computing the total excise tax reimbursement entitlement during the most recently completed period from July 1st to June 30th for which a taxpayer has filed a return pursuant to subsection 2.__An excise tax reimbursement entitlement accrues for each vehicle excise tax paid in the completed period for which the associated Maine registration was surrendered prior to the expiration of the associated 12-month excise tax period, unless the excise tax was credited to another registration, in which case the 12-month period continues to run in association with the replacement registration.__The amount of the reimbursement is equal to the amount of the excise tax paid in order to register the original vehicle multiplied by a fraction, the numerator of which is the number of complete months short of 12 months during which the registration was surrendered and the denominator of which is 12.

2. Annual report required. A person entitled to a reimbursement pursuant to subsection 1 shall file a report with