‘An Act To Reduce the Sales Tax’
HP1362 LD 1925 |
First Regular Session - 123rd Legislature - Text: MS-Word, RTF or PDF |
LR 2657 Item 14 |
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Bill Tracking | Chamber Status |
Amend the bill by striking out the title and substituting the following:
‘An Act To Reduce the Sales Tax’
Amend the bill by striking out everything after the enacting clause and before the summary and inserting the following:
‘Sec. 1. 36 MRSA §1752, sub-§1-I is enacted to read:
Sec. 2. 36 MRSA §1752, sub-§17-B, as enacted by PL 2003, c. 673, Pt. V, §19 and affected by §29, is amended to read:
Sec. 3. 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% 4% 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% 4% on the value of prepared food; and 5% 4% on the value of all other tangible personal property and taxable services. Value is measured by the sale price, except as otherwise provided.
Sec. 4. 36 MRSA §1811, 3rd ¶, as repealed and replaced by PL 2003, c. 510, Pt. C, §12 and affected by §13, is amended to read:
Rental or lease of an automobile for one year or more must be taxed at the time of the lease or rental transaction at 5% 4% of the following: the total monthly lease payment multiplied by the number of payments in the lease or rental, the amount of equity involved in any trade-in and the value of any cash down payment. Collection and remittance of the tax is the responsibility of the person that negotiates the lease transaction with the lessee.
Sec. 5. Appropriations and allocations. The following appropriations and allocations are made.
ECONOMIC AND COMMUNITY DEVELOPMENT, DEPARTMENT OF
Office of Tourism 0577
Initiative: Deallocates funds to the Tourism Marketing Promotion Fund due to the decrease in certain sales tax revenue.
OTHER SPECIAL REVENUE FUNDS | 2007-08 | 2008-09 |
All Other
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$0 | ($1,204,091) |
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OTHER SPECIAL REVENUE FUNDS TOTAL | $0 | ($1,204,091) |
summary
This amendment reduces the sales tax on tangible personal property and taxable services to 4%. It also reduces the sales tax on lodging and prepared food to 4%. It imposes a 4% tax on amusement, entertainment and recreation services.
It also adds an appropriations and allocations section to the bill.