HP1403, LD 2019, item 2, 123rd Maine State Legislature
‘An Act To Make Capital Rail Improvements for Economic Development Purposes’

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Amend the bill by striking out the title and substituting the following:
‘An Act To Make Capital Rail Improvements for Economic Development Purposes’
Amend the bill by striking out everything after the enacting clause and before the summary and inserting the following:
‘Sec. 1. 23 MRSA §4210-B, sub-§7  is enacted to read:
 
7.  Sales tax revenue.    Beginning July 1, 2009 and every July 1st thereafter, the State Controller shall transfer to the STAR Transportation Fund an amount, as certified by the State Tax Assessor, that is equivalent to 50% of the revenue from the tax imposed on the value of rental for a period of less than one year of an automobile pursuant to Title 36, section 1811 for the first 6 months of the prior fiscal year after the reduction for the transfer to the Local Government Fund under Title 30-A, section 5681, subsection 5. Beginning on October 1, 2009 and every October 1st thereafter, the State Controller shall transfer to the STAR Transportation Fund an amount, as certified by the State Tax Assessor, that is equivalent to 50% of the revenue from the tax imposed on the value of rental for a period of less than one year of an automobile pursuant to Title 36, section 1811 for the last 6 months of the prior fiscal year after the reduction for the transfer to the Local Government Fund. The tax amount must be based on actual sales for that fiscal year and may not consider any accruals that may be required by law. The amount transferred from General Fund sales and use tax revenues does not affect the calculation for the transfer to the Local Government Fund.’
 
SUMMARY
This amendment, which is the majority report, replaces the bill. The amendment, beginning July 1, 2009, dedicates a percentage of sales tax revenue imposed on the value of rental for a period of less than one year of an automobile to the State Transit, Aviation and Rail Transportation Fund, also known as the STAR Transportation Fund, to support transit, aeronautics and rail transportation, including the Downeaster train service.

HP1403, LR 3210, item 2, First Special Session - 123rd Legislature, page