Bill > LD1211

This bill modifies definitions in Maine's sales and use tax laws to clarify two key areas: the definition of "automobile" and the definition of "lease or rental". Specifically, the bill stipulates that a pickup truck or van with a gross vehicle weight rating of 10,000 pounds or less will only be considered an "automobile" if it is not primarily used to transport goods or freight. Additionally, the bill introduces a new provision that excludes from the definition of "lease or rental" any tangible personal property that is used exclusively at the primary business location of the lessor. These changes aim to provide more precise language around vehicle and equipment classifications for tax purposes, potentially offering certain businesses more clarity and potentially different tax treatment based on how vehicles and equipment are used. The modifications appear to be technical in nature, refining existing tax law definitions to address specific scenarios in equipment and vehicle leasing.

Budget and Finance

https://legislature.maine.gov/legis/bills/display_ps.asp?LD=1211&snum=132