1.__Dirigo Health Fund.__Two-thirds must be transferred to the Dirigo Health Fund established under Title 24-A, section 6915; and

A.2.__Small Enterprise Growth Fund.__One-third must be transferred to the Small Enterprise Growth Fund established under Title 10, section 383.

§2835.__Rules

The bureau shall adopt rules to implement this chapter.__Rules adopted pursuant to this section are routine technical rules as defined in Title 5, chapter 375, subchapter 2-A.

SUMMARY

This bill imposes a gross receipts tax of 3% on certain retail stores that are located outside of a downtown, as defined in the Maine Revised Statutes, Title 30-A, section 4301, subsection 5-A. The tax is imposed on retail stores that have retail floor space greater than 60,000 square feet.

Of the amount of revenue collected pursuant to the gross receipts tax, 2/3 will be transferred to the Dirigo Health Fund established under Title 24-A, section 6915, and 1/3 will be transferred to the Small Enterprise Growth Fund established under Title 10, section 383.