Sec. GGG-4. 23 MRSA §7103, as amended by PL 2005, c. 248, §1, is repealed.

Sec. GGG-5. 23 MRSA §7103-A is enacted to read:

§7103-A.__Deposit into State Transit, Aviation and Rail

Transportation Fund account

Effective October 1, 2005, the Treasurer of State shall receive all revenue derived from the tax levied pursuant to Title 36, chapter 361 and taxes paid under Title 36, section 1865 and shall deposit all revenue in a separate account to be known as the State Transit, Aviation and Rail Transportation Fund account.

Sec. GGG-6. 36 MRSA §1865, as enacted by PL 2003, c. 498, §7 and affected by §12, is amended to read:

§1865. Deposit of use taxes paid on certain fuels

The Treasurer of State shall deposit all use taxes received for fuel consumed by vehicles operating on rails and qualifying for a fuel tax refund under section 3218 and taxed under this chapter into the Rail Preservation and Assistance State Transit, Aviation and Rail Transportation Fund established in Title 23, section 7103 7103-A.

Sec. GGG-7. 36 MRSA §2625, as amended by PL 2005, c. 248, §3, is further amended to read:

§2625. Return and payment

Every railroad company incorporated under the laws of this State or doing business in this State shall file with the State Tax Assessor annually, on or before April 15th, a railroad excise tax return, on a form prescribed by the State Tax Assessor. The tax must be paid in equal installments on the next June 15th, September 15th and December 15th. Except as otherwise provided in subsection 1, the Treasurer of State shall deposit all taxes paid under this chapter into the Railroad Preservation and Assistance Fund State Transit, Aviation and Rail Transportation Fund account established under Title 23, section 7103 7103-A.

1. Railroad Freight Service Quality Fund. The Treasurer of State shall each year deposit $20,000 of the taxes paid under