3. Treasurer of State; notification.__Upon the determination of the reimbursement amount to be paid to a vehicle owner or rental company, the State Tax Assessor shall inform the Treasurer of State of the determination and the Treasurer of State shall make the reimbursement.__Unless the reimbursement is paid before November 1st of the year in which the report required in subsection 1 is filed or within 60 days of the filing of that report, whichever is later, interest at the rate provided in section 186 must be paid for the period between the expiration of the deadline and the time of payment.

Sec. I-3. 36 MRSA §1752, sub-§17-A, ¶H, as amended by PL 1999, c. 790, Pt. A, §44, is further amended to read:

H. Rental or lease of an automobile for one year or more;

Sec. I-4. 36 MRSA §1811, first ¶, as amended by PL 2001, c. 439, Pt. TTTT, §2 and affected by §3, is further amended to read:

A tax is imposed on the value of all tangible personal property and taxable services sold at retail in this State. The rate of tax is 7% on the value of liquor sold in licensed establishments as defined in Title 28-A, section 2, subsection 15, in accordance with Title 28-A, chapter 43; 7% on the value of rental of living quarters in any hotel, rooming house or tourist or trailer camp; 10% on the value of rental for a period of less than one year of an automobile; 7% on the value of prepared food; and 5% on the value of all other tangible personal property and taxable services. Value is measured by the sale price, except as otherwise provided.

Sec. I-5. 36 MRSA §2015, as enacted by PL 1993, c. 701, §8 and affected by §10, is repealed.

Sec. I-6. 36 MRSA c. 377 is enacted to read:

CHAPTER 377

GROSS RECEIPTS TAX

§2885.__Definitions

As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings.