An Act To Amend the Laws Governing Excise Tax Credits
Sec. 1. 36 MRSA §1482, sub-§5, as amended by PL 2007, c. 83, §1, is further amended to read:
This bill permits the motor vehicle excise tax credit for transfer or total loss of a motor vehicle to be applied to a vehicle or vehicles acquired by the owner or lessee within 30 days after the transfer or total loss. If the credit exceeds the amount transferred to another vehicle, the bill requires the municipality to refund the excess amount.