Sec. X-1. 36 MRSA §1811, first ¶, as amended by PL 1993, c. 701, §6 and affected by §10, 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% on the value of rental of living quarters in any hotel, rooming house, tourist or trailer camp; 10% on the value of rental for a period of less than one year of an automobile; 7% on the value of prepared food sold in establishments that are licensed for on-premises consumption of liquor pursuant to Title 28-A, chapter 43; and 6% 5% on the value of all other tangible personal property and taxable services. Value is measured by the sale price, except as otherwise provided.
Sec. X-2. 36 MRSA §1811, 3rd, 4th and 5th ¶¶, as enacted by PL 1993, c. 410, Pt. KKKK, §1, are repealed.
Sec. X-3. 36 MRSA §1811, last ¶, as amended by PL 1995, c. 281, §19, and affected by §42, is further 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 6% 5% 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. X-4. 36 MRSA §1812, sub-§1, ¶A-1 is enacted to read:
A-1. If the tax rate is 5%: |
|
Amount of Sale Price |
Amount of Tax |
$0.01 to $0.10, inclusive |
0¢ |
.11 to .20, inclusive |
1¢ |
.21 to .40, inclusive |
2¢ |
.41 to .60, inclusive |
3¢ |
.61 to .80, inclusive |
4¢ |
.81 to 1.00, inclusive |
5¢ |
Sec. X-5. Effective dates. Those sections of this Part that amend the Maine Revised Statutes, Title 36, section 1811, first and last paragraphs, take effect July 1, 2000. That section of this Part that repeals Title 36, section 1811, 3rd, 4th and 5th paragraphs takes effect retroactively to May 15, 1999. In the event that any revenue has been transferred as of the effective date of this Act into the Maine Rainy Day Fund pursuant to Title 36, section 1811, 3rd and 4th paragraphs, that revenue must be transferred on or before December 31, 1999 back into the General Fund and the Local Government Fund as if the transfers to the Maine Rainy Day Fund had never occurred.
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