Maine LD 444: An Act To Allow a Motor Vehicle Excise Tax Credit for a Vehicle No Longer in Use

LD 444 (subjects: MISCELLANEOUS TAXES , EXCISE TAX )

Official bill page at mainelegislature.org: http://www.mainelegislature.org/legis/bills/display_ps.asp?ld=444&PID=1456&snum=127


Sponsors | Actions | Bill Text | Patterns of Support


Sponsors

Principal Sponsor: Sen. Michael Thibodeau of Waldo: (R – District 11) — e-mail | Twitter | Facebook

9 Cosponsors:

Actions

Chamber

Action
2/24/2015 Senate Committee on TAXATION
suggested and ordered printed
On motion by Senator McCormick of Kennebec REFERRED to the Committee on TAXATION
Ordered sent down forthwith for concurrence.
2/24/2015 House Bill REFERRED to the Committee on TAXATION.
In concurrence. ORDERED SENT FORTHWITH.
4/23/2015 Senate Report READ and ACCEPTED.
READ ONCE
ASSIGNED FOR SECOND READING NEXT LEGISLATIVE DAY.
4/28/2015 Senate COMMITTEE ON BILLS IN THE SECOND READING REPORTS NO FURTHER VERBAL AMENDMENTS NECESSARY, Senator Saviello, Senate Chair. REPORT ACCEPTED.
READ A SECOND TIME and PASSED TO BE ENGROSSED.
Ordered sent down forthwith for concurrence.
4/29/2015 House CONSENT CALENDAR – FIRST DAY
Under suspension of the rules
CONSENT CALENDAR – SECOND DAY.
The Bill was PASSED TO BE ENGROSSED.

In concurrence. ORDERED SENT FORTHWITH.
4/30/2015 House PASSED TO BE ENACTED.
Sent for concurrence. ORDERED SENT FORTHWITH.
5/5/2015 Senate PASSED TO BE ENACTED, in concurrence.

Bill Text

.

An Act To Allow a Motor Vehicle Excise Tax Credit for a Vehicle No Longer in Use

Be it enacted by the People of the State of Maine as follows:

Sec. 1. 36 MRSA 1482, sub- 5, as amended by PL 2011, c. 240, 13, is further amended to read:

5. Credits. An owner or lessee who has paid the excise or property tax for a vehicle the ownership or registration of which is transferred, or that is subsequently totally lost by fire, theft or accident or totally junked or abandoned, in the same registration year, is entitled to a credit up to the maximum amount of the tax previously paid in that registration year for any one vehicle toward the tax for any number of vehicles, regardless of the number of transfers that may be required of the owner or lessee in that registration year. The credit is available only if the vehicle’s ownership is transferred, the vehicle is totally lost by fire, theft or accident, the vehicle is totally junked or abandoned, the use of the vehicle is totally discontinued or, in the case of a leased vehicle, the registration is transferred.

A. The credit must be given in any place in which the excise tax is payable.
B. For each transfer made in the same registration year, the owner shall pay $3 to the place in which the excise tax is payable.
C. During the last 4 months of the registration year, the credit may not exceed 1/2 of the maximum amount of the tax previously paid in that registration year for any one vehicle.
D. If the credit available under this subsection exceeds the amount transferred to another vehicle, a municipality may choose, but is not required to refund the excess amount. If a municipality chooses to refund excess amounts it must do so in all instances where there is an excess amount.
E. For the purposes of this subsection, “owner” includes the surviving spouse of the owner.
G. For the purposes of this subsection, “totally discontinued” means that the owner has permanently discontinued all use of the vehicle except for selling, transferring ownership of, junking or abandoning that vehicle. The owner of the vehicle must provide a signed statement attesting that use of the vehicle from which the credit is being transferred is totally discontinued. If the owner who has totally discontinued use of a vehicle later seeks to register that vehicle, no excise tax credits may be applied with respect to the registration of that vehicle or any subsequent transfer of that vehicle’s registration.

summary

Current law provides for a motor vehicle excise tax credit for the owner of a vehicle that is totally lost by fire, theft or accident or is totally junked or abandoned. This bill clarifies that the motor vehicle excise tax credit is available only if the vehicle’s ownership is transferred, the vehicle is totally lost by fire, theft or accident, the vehicle is totally junked or abandoned or the use of the vehicle is totally discontinued. In the case of a leased vehicle, the credit is available only if the registration is transferred. This bill requires the owner of the vehicle to provide a signed statement attesting that the vehicle from which the credit is being transferred is totally discontinued and states that if the owner who has totally discontinued use of a vehicle later seeks to register that vehicle, no excise tax credits may be applied with respect to the registration of that vehicle or any subsequent transfer of that vehicle’s registration.

Patterns of Support

Pattern of Cosponsorship by Region:

Pattern of Cosponsorship by Gender:

Pattern of Cosponsorship by Party:

Pattern of Cosponsorship by Campaign Finance Classification:

Note: Maine Clean Elections Act (MCEA) Qualified candidates only accept a small dollar value of initial contributions early in their campaigns, pledge not to accept further campaign contributions from private sources, and receive public funding for their campaigns. MCEA Non-Qualified candidates choose not to obtain public funding and instead are free to accept campaign contributions from individuals, party committees, political action committees and business sources.


This information about LD 444 was last updated on 2016-05-12.
The Open Maine Politics website is in a beta release and results should not be taken as definitive. Please visit the official website of the Maine State Legislature for entirely verifiable information.

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