Amend the bill by striking out the title and substituting the following:
‘An Act To Modernize the Tax Laws and Provide over $50,000,000 to Residents of the State in Tax Relief
| HP0750 LD 1088 |
First Regular Session - 124th Maine Legislature H "A" to C "A", Filing Number H-537, Sponsored by WATSON
Text:
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LR 1600 Item 7 |
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| Bill Tracking | Chamber Status | ||
Amend the amendment by inserting after the title the following:
Amend the bill by striking out the title and substituting the following:
‘An Act To Modernize the Tax Laws and Provide over $50,000,000 to Residents of the State in Tax Relief
Amend the amendment on page 7 in the 3rd indented paragraph in the last line (page 7, line 20 in amendment) by striking out the following: " production machinery or equipment" and inserting the following: ' property located at a manufacturing or fabrication facility'
Amend the amendment on page 8 in the 2nd line (page 8, line 2 in amendment) by striking out the following: " production machinery or equipment" and inserting the following: ' property located at a manufacturing or fabrication facility'
Amend the amendment on page 10 by striking out all of the first line (page 10, line 1 in amendment) and inserting the following: ' §1818. Leases and rentals of manufacturing or fabrication facility property'
Amend the amendment on page 10 in §1818 in the indented paragraph in the first and 2nd lines (page 10, lines 2 and 3 in amendment) by striking out the following: " production machinery or equipment described in section 1760, subsection 31" and inserting the following: ' property located at a manufacturing or fabrication facility'
summary
This amendment retains the current sales tax treatment for leased property located at a manufacturing or fabrication facility.