An Act To Reduce the Excise Tax on New Vehicles
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 36 MRSA §1482, sub-§4, ¶B is enacted to read:
B. For the purpose of calculating the excise tax due on a motor vehicle pursuant to subsection 1, paragraph C, for the first or current year of the model of the motor vehicle, the maker’s list price must be reduced by $3,000.
summary
Current law bases the excise tax for motor vehicles on the maker’s list price.
This bill, for the purpose of computing the excise tax, reduces the maker’s list price by $3,000 for the first or current year of the motor vehicle.