CHAPTER 709
S.P. 133 - L.D. 457
An Act to Clarify that the Sales Tax Exemption for Purchase of Manufacturing Equipment Applies Equitably
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 36 MRSA §1760, sub-§31, ¶A, as enacted by PL 1999, c. 516, §6 and affected by §7, is amended to read:
A. For use by the purchaser directly and primarily in either the production of tangible personal property intended to be sold or leased ultimately for final use or consumption, or in the production of tangible personal property pursuant to a contract with the United States Government or any agency thereof, or, in the case of sales occurring on or after March 1, 2003 but prior to July 1, 2003, in the generation of digital television broadcast signals or, in the case of sales occurring after June 30, 2003, in the generation of radio and television broadcast signals. This exemption applies even if the purchaser sells the machinery or equipment and leases it back in a sale and leaseback transaction. This exemption also applies whether the purchaser agrees before or after the purchase of the machinery or equipment to enter into the sale and leaseback transaction and whether the purchaser's use of the machinery or equipment in production commences before or after the sale and leaseback transaction occurs. As used in this paragraph, "digital television broadcast signal" means an over-the-air signal transmitted by a television station licensed under 47 Code of Federal Regulations, Part 73; and
Effective July 25, 2002, unless otherwise indicated.
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