LD 571
pg. 2
Page 1 of 2 An Act To Allow a Trade-in Credit in the Calculation of the Automobile Excise T... LD 571 Title Page
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LR 1354
Item 1

 
For motor vehicles being registered pursuant to Title 29-A,
section 405, subsection 1, paragraph C, the excise tax must
be prorated for the number of months in the registration.

 
SUMMARY

 
This bill reduces the base value of a new motor vehicle for
registration excise tax purposes to the maker's list price of the
new motor vehicle less the amount received for any trade-in of
another motor vehicle.


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