LD 1918
pg. 2
Page 1 of 2 An Act To Improve the Viability of Railroads Operating in Maine LD 1918 Title Page
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LR 2699
Item 1
 
of interstate or foreign commerce" by its carrying of, or
providing the motive power for the carrying of, a bona fide
payload in interstate or foreign commerce, or by being
dispatched to a specific location at which it will be loaded
upon arrival with, or will be used as motive power for the
carrying of, a payload in interstate or foreign commerce.__For
purposes of this subsection, "bona fide payload" means a cargo
of persons or property transported by a contract or common
carrier for compensation that exceeds the direct cost of
carrying that cargo or pursuant to a legal obligation to
provide service as a public utility or a cargo of property
transported in the reasonable conduct of the purchaser's own
nontransportation business in interstate commerce; and

 
B.__Parts and attachments that are intended to become
attached to or part of railroad rolling stock described in
paragraph A and that are attached to or installed on the
railroad rolling stock in the State, regardless of when the
railroad rolling stock was acquired.

 
Sec. 4. Effective date. This Act takes effect July 1, 2005.

 
SUMMARY

 
This bill is reported out by the Joint Standing Committee on
Taxation pursuant to Public Law 2003, chapter 498. The bill
proposes to amend the sales and use tax laws applicable to
railroads to exempt from sales and use tax motor fuel used for
powering railroad locomotives and parts and attachments for
otherwise exempt railroad rolling stock. The bill also extends
the exemption for railroad rolling stock used in interstate and
foreign commerce to include leases of railroad rolling stock.

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