Maine Revised Statutes Title 29-A Sec. 533-A – Municipal Excise Tax Reimbursement Fund
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1. Fund established. The Municipal Excise Tax Reimbursement Fund, referred to in this section as the “fund,” is established as a dedicated, nonlapsing fund.
[PL 1997, c. 505, §2 (NEW).]
Terms Used In Maine Revised Statutes Title 29-A Sec. 533-A
- Bus: means a motor vehicle designed for carrying more than 15 persons, including the operator. See Maine Revised Statutes Title 29-A Sec. 101
- Commercial motor vehicle: means a motor vehicle or combination of motor vehicles used in commerce to transport passengers or property if the motor vehicle:
A. See Maine Revised Statutes Title 29-A Sec. 101Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006. highway: means a public way. See Maine Revised Statutes Title 29-A Sec. 101 Municipality: includes cities, towns and plantations, except that "municipality" does not include plantations in Title 10, chapter 110, subchapter IV; or Title 30?A, Part 2. See Maine Revised Statutes Title 1 Sec. 72 Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72
2. Deposits. The Secretary of State shall deposit into the fund all revenue derived pursuant to section 531, subsection 6.
[PL 1997, c. 505, §2 (NEW).]
3. Use of the fund. The fund must be used as follows.
A. Between July 1st and October 31st, the Secretary of State shall disburse to a participating municipality a sum equal to the difference in the amount of excise tax that would have been collected by that municipality in the prior fiscal year on each commercial motor vehicle or bus under Title 36, section 1482, subsection 1, paragraph C, subparagraph (3) or (4) using the manufacturer’s suggested retail price from the amount of that excise tax actually collected by that municipality in the prior fiscal year based on the actual purchase price. The Secretary of State shall provide supporting documentation to a municipality regarding the disbursement that municipality receives under this section. [PL 2011, c. 646, §1 (AMD).]
B. By December 1st of the fiscal year in which disbursements are made under paragraph A, the Secretary of State shall transfer from the fund to the Highway Fund a sum equal to the difference in the total revenues derived pursuant to section 531, subsection 6 in the prior fiscal year from the total disbursements made under paragraph A in the current fiscal year. [PL 2001, c. 361, §15 (AMD).]
[PL 2011, c. 646, §1 (AMD).]
4. Municipal participation optional. Municipal participation in the reimbursement program under this section is optional. A participating municipality must collect and provide to the Secretary of State any information the Secretary of State requires to calculate reimbursement.
[PL 1997, c. 505, §2 (NEW).]
SECTION HISTORY
PL 1997, c. 505, §2 (NEW). PL 2001, c. 361, §15 (AMD). PL 2011, c. 646, §1 (AMD).