PUBLIC LAWS
Second Regular Session of the 122nd

CHAPTER 519, PART OOO

     Sec. OOO-1. 36 MRSA §1754-B, sub-§§2-B and 2-C, as enacted by PL 2003, c. 673, Pt. AAA, §2, are amended to read:

     2-B. Provisional resale certificates; new accounts. The assessor shall issue a provisional resale certificate to each applicant for initial registration that states on its application that it expects to make annual gross sales of $10,000 $3,000 or more. A provisional resale certificate issued between January 1st and September 30th is effective for the duration of the calendar year in which it is issued and the 2 subsequent years. A provisional resale certificate issued between October 1st and December 31st is effective until the end of the next 3rd succeeding calendar year. Each certificate must contain the name and address of the retailer, the expiration date of the certificate and the certificate number. If a vendor has a true copy of a retailer's resale certificate on file, that retailer need not present the certificate for each subsequent transaction with that vendor during the calendar year period for which it is valid.

     2-C. Annual resale certificates; contents; presentation to vendor. The assessor shall annually periodically review the status of each retailer registered under this section. On or before December 31st of each year the date of expiration of a resale certificate, the assessor shall issue to each registered retailer with gross sales of $10,000 $3,000 or more during the 12 months preceding the assessor's review an annual a resale certificate effective for the next succeeding 3 calendar year years. Any subsequent annual resale certificate issued is effective for the next 5 calendar years. Each certificate must contain the name and address of the retailer, the expiration date of the certificate and the certificate number. If a vendor has a true copy of a retailer's resale certificate on file, that retailer need not present the certificate for each subsequent transaction with that vendor during the calendar year period for which it is valid.

     Sec. OOO-2. Appropriations and allocations. The following appropriations and allocations are made.

ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF
Maine Revenue Services 0002
Initiative: Provides one-time funds for the printing and mailing costs associated with the change in resale certificates.
GENERAL FUND 2005-06 2006-07

All Other $0 $4,000

____________ ____________

GENERAL FUND TOTAL $0 $4,000

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