HP0971
LD 1325
First Regular Session - 125th Maine Legislature
C "A", Filing Number H-461, Sponsored by
LR 540
Item 2
Bill Tracking, Additional Documents Chamber Status

Amend the bill by inserting after section 4 the following:

Sec. 5. 36 MRSA §1760, sub-§87,  as amended by PL 2009, c. 627, §6 and affected by §12, is further amended to read:

87. Sales of tangible personal property and transmission and distribution of electricity to qualified development zone businesses.   Beginning July 1, 2005, sales of tangible personal property , and of the transmission and distribution of electricity, to a qualified Pine Tree Development Zone business, as defined in Title 30-A, section 5250-I, subsection 17, for use directly and primarily in one or more qualified business activities, as defined in Title 30-A, section 5250-I, subsection 16. The exemption provided by this subsection is limited for each qualified Pine Tree Development Zone business to sales occurring within a period of 10 years in the case of a business located in a tier 1 location, as defined in Title 30-A, section 5250-I, subsection 21-A, and 5 years in the case of a business located in a tier 2 location, as defined in Title 30-A, section 5250-I, subsection 21-B, from the date the business is certified pursuant to Title 30-A, section 5250-O or until December 31, 2028, whichever occurs first. As used in this subsection, "primarily" means more than 50% of the time during the period that begins on the date on which the property is first placed in service by the purchaser and ends 2 years from that date or at the time the property is sold, scrapped, destroyed or otherwise permanently removed from service by the purchaser, whichever occurs first.’

Amend the bill by relettering or renumbering any nonconsecutive Part letter or section number to read consecutively.

summary

This amendment provides that the sales tax exemption for Pine Tree Development Zone businesses applies to the sale of the transmission and distribution of electricity to those businesses.


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