‘An Act To Amend the Sales and Use Tax Exemption for Aircraft’
| SP0292 LD 946 |
First Regular Session - 125th Maine Legislature C "A", Filing Number S-155, Sponsored by
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LR 513 Item 2 |
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| Bill Tracking, Additional Documents | Chamber Status | ||
Amend the bill by striking out the title and substituting the following:
‘An Act To Amend the Sales and Use Tax Exemption for Aircraft’
Amend the bill by striking out everything after the enacting clause and before the summary and inserting the following:
‘Sec. 1. 36 MRSA §1760, sub-§23-C, ¶B, as enacted by PL 1999, c. 759, §2 and affected by §5, is amended to read:
Sec. 2. 36 MRSA §1760, sub-§23-C, ¶C, as amended by PL 2005, c. 618, §2 and affected by §5, is repealed.
Sec. 3. 36 MRSA §1760, sub-§45, ¶A-3, as amended by PL 2007, c. 691, §1 and affected by §2, is repealed and the following enacted in its place:
Sec. 4. 36 MRSA §1760, sub-§76, as amended by PL 2003, c. 588, §11, is repealed.
Sec. 5. 36 MRSA §1760, sub-§88, as enacted by PL 2005, c. 519, Pt. EE, §2 and affected by §3, is amended to read:
summary
This amendment changes the bill by expanding the current exemption from sales and use tax for aircraft purchased or leased by a nonresident and immediately transported out of the State and for certain other specifically designated aircraft to include sales and leases of all aircraft by a person, regardless of the type of aircraft or the state of residency of the purchaser. The amendment also expands the exemption to include sales of repair and replacement parts used exclusively in aircraft and in the overhauling and rebuilding of aircraft. It retains the bill's original provision to amend the existing sales, storage and use tax exemption for an aircraft purchased outside of the State by a nonresident by removing limitations on the use of the aircraft in this State during the 12 months following purchase.