An Act Relating to the Sales Tax Exemption on Depreciable Equipment Used in Commercial Wood Harvesting
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 36 MRSA §2013, sub-§1, ¶B-1, as enacted by PL 2011, c. 657, Pt. N, §2 and affected by §3, is amended to read:
B-1. "Commercial wood harvesting" means the commercial severance and yarding of trees for sale or for processing into logs, pulpwood, bolt wood, wood chips, stud wood, poles, pilings, biomass or fuel wood or other products commonly known as forest products by a person who is a resident of the United States or a corporation or other business entity with headquarters in the United States.
SUMMARY
This bill provides that the sales tax exemption or refund for depreciable equipment used in commercial wood harvesting applies only when the harvesting is performed by residents of the United States or by business entities with headquarters in the United States.