CHAPTER 175
H.P. 211 - L.D. 275
An Act to Allow Property Tax Credit to Lessees of Motor Vehicles
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 36 MRSA §1482, sub-§5, as amended by PL 1987, c. 79, §§6 and 7, is further amended to read:
5. Credits. Any owner or lessee who has paid the excise or property tax for a vehicle the ownership or registration of which is transferred, or which that is subsequently totally lost by fire, theft or accident or which that is subsequently totally junked or abandoned, in the same calendar year or registration year, shall be is entitled to a credit to the maximum amount of the tax previously paid in such that year or period for any one vehicle toward the tax for any number of vehicles, regardless of the number of transfers which that may be required of him the owner or lessee in the same calendar year or registration year.
A. Such The credit shall must be allowed given in any place in which the excise tax is payable.
B. For each transfer made in the same calendar year or registration year, the owner shall pay $3 to the place in which the excise tax is payable.
C. From November 1st to the last day of February such the credit shall may not exceed 1/2 the amount of the maximum tax, except that for automobiles, trucks and truck tractors, during the last 4 months of the registration year, such the credit shall may not exceed 1/2 the maximum tax.
D. No portion of any excise tax once paid shall may be repaid to any person by reason of the transfer of vehicles or discontinuance of the use of a vehicle.
E. For the purposes of this subsection, the term, "owner" shall include includes the surviving spouse.
Effective September 19, 1997, unless otherwise indicated.
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