3. Vending machines. Notwithstanding any other provision of this chapter, it is presumed that all cigarette vending machines are filled to capacity on October 1, 2001 and that the tax imposed by this section must be reported on that basis. A credit against this inventory tax must be allowed for cigarettes stamped at the rate of 47 50 mills per cigarette placed in vending machines before October 1, 2001.

Sec. 43. 36 MRSA §4366-A, sub-§2, ¶¶B and C, as enacted by PL 2001, c. 439, Pt. SSSS, §3, are amended to read:

B. For stamps at the face value of 47 50 mills sold prior to July 1, 2002, 2.16%; and

C. For stamps at the face value of 47 50 mills sold on or after July 1, 2002, 2.03%.

Sec. 44. 36 MRSA §4366-D, as enacted by PL 2001, c. 450, Pt. D, §1, is repealed.

Sec. 45. 36 MRSA §4403, sub-§§1 and 2, as amended by PL 1989, c. 588, Pt. D, §4, are further amended to read:

1. Smokeless tobacco. A tax is imposed on all smokeless tobacco, including chewing tobacco and snuff, at the rate of 50% of the wholesale sales price beginning October 1, 1989; 55% of the wholesale sales price beginning January 1, 1991; and 62% of the wholesale sales price beginning July 1, 1991.

2. Other tobacco. A tax is imposed on cigars, pipe tobacco and other tobacco intended for smoking at the rate of 13% of the wholesale sales price beginning October 1, 1989; 14% of the wholesale sales price beginning January 1, 1991; and 16% of the wholesale sales price beginning July 1, 1991.

Sec. 46. 36 MRSA §4641-H, as enacted by PL 1975, c. 572, §1 and amended by P&SL 1975, c. 78, §21, is repealed.

Sec. 47. 36 MRSA §4641-I, as amended by PL 1981, c. 364, §61, is repealed.

Sec. 48. 36 MRSA §5122, sub-§1, ¶N, as amended by PL 2003, c. 588, §14, is further amended to read:

N. With respect to property placed in service during the taxable year, an amount equal to the net increase in depreciation or expensing attributable to: