CHAPTER 505
S.P. 418 - L.D. 1339
Emergency preamble. Whereas, Acts of the Legislature do not become effective until 90 days after adjournment unless enacted as emergencies; and
Whereas, it is necessary for proper accounting procedures to establish the Municipal Excise Tax Reimbursement Fund immediately; and
Whereas, in the judgment of the Legislature, these facts create an emergency within the meaning of the Constitution of Maine and require the following legislation as immediately necessary for the preservation of the public peace, health and safety; now, therefore,
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 29-A MRSA §533, as enacted by PL 1995, c. 440, §2 and affected by §5, is repealed.
Sec. 2. 29-A MRSA §533-A is enacted to read:
§533-A. Municipal Excise Tax Reimbursement Fund
1. Fund established. The Municipal Excise Tax Reimbursement Fund, referred to in this section as the "fund," is established as a dedicated, nonlapsing fund.
2. Deposits. The Secretary of State shall deposit into the fund all revenue derived pursuant to section 531, subsection 6.
3. Use of the fund. The fund must be used as follows.
A. Between July 1st and September 30th, the Secretary of State shall disburse to a participating municipality a sum equal to the difference in the amount of excise tax that would have been collected by that municipality in the prior fiscal year on each commercial motor vehicle under Title 36, section 1482, subsection 1, paragraph C, subparagraph (3) using the manufacturer's suggested retail price from the amount of that excise tax actually collected by that municipality in the prior fiscal year based on the actual purchase price. The Secretary of State shall provide supporting documentation to a municipality regarding the disbursement that municipality receives under this section.
B. By November 1st of the fiscal year in which disbursements are made under paragraph A, the Secretary of State shall transfer from the fund to the Highway Fund a sum equal to the difference in the total revenues derived pursuant to section 531, subsection 6 in the prior fiscal year from the total disbursements made under paragraph A in the current fiscal year.
4. Municipal participation optional. Municipal participation in the reimbursement program under this section is optional. A participating municipality must collect and provide to the Secretary of State any information the Secretary of State requires to calculate reimbursement.
Sec. 3. Transfer of funds. All revenues derived from the Maine Revised Statutes, Title 29-A, section 531, subsection 6 between July 1, 1996 and the effective date of this Act must be transferred by June 30, 1997 from the Highway Fund to the Municipal Excise Tax Reimbursement Fund created under Title 29-A, section 533-A.
Sec. 4. Allocation. The following funds are allocated from Other Special Revenue to carry out the purposes of this Act.
1997-98 1998-99
SECRETARY OF STATE, DEPARTMENT OF THE
Municipal Excise Tax Reimbursement Fund
All Other $300,000 $306,000
Allocates funds to reimburse municipalities for the difference between the excise tax based on the manufacturer's suggested retail price versus the actual purchase price for heavy trucks.
Emergency clause. In view of the emergency cited in the preamble, this Act takes effect July 1, 1997.
Effective July 1, 1997.
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