HP0198
LD 227		 First Regular Session - 123rd Legislature - Text: MS-Word, RTF or PDF LR 1067
Item 2
Bill Tracking Chamber Status

Amend the bill by striking out everything after the enacting clause and inserting the following:

‘Sec. 1. 36 MRSA §1482, sub-§5, ¶D,  as amended by PL 1997, c. 175, §1, is repealed and the following enacted in its place:

D.  If the credit available under this subsection exceeds the amount transferred to another vehicle, a municipality may choose, but is not required to refund the excess amount. If a municipality chooses to refund excess amounts it must do so in all instances where there is an excess amount.’

summary

This amendment authorizes municipalities to refund excess motor vehicle excise tax credits but does not require them to do so. The amendment also removes from the bill the requirement that credits be prorated for the portion of the registration year that the vehicle was in service.

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