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Title or on any assessment made against the person is liable | | for a penalty of 1% of the unpaid tax for each month or | | fraction of a month during which the failure continues, to a | | maximum in the aggregate of 25% of the unpaid tax. |
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| | | Sec. A-4. 36 MRSA §1752, sub-§15 is amended to read: |
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| | | 15. Storage. "Storage" includes any keeping or retention in | this State for any purpose, except subsequent use outside of this | State, |
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| | | Sec. A-5. 36 MRSA §1760, sub-§2, as amended by PL 1997, c. 729, Pt. A, | | §1, is further amended to read: |
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| | | 2. Certain governmental agencies. Sales to the State or any | | political subdivision, or to the Federal Government, or to any | | unincorporated agency or instrumentality of either of them or to | | any incorporated agency or instrumentality of them wholly owned | by them. This exemption does not apply where | | or taken as security for any financing arrangement. This | | exemption also does not apply to corporations organized under | Title IV, Part E of | | Code, Sections 2211 to 2214. |
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| | | Sec. A-6. 36 MRSA §1760, sub-§80 is enacted to read: |
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| | | 80.__Sales of certain printed materials.__Sales of advertising | | or promotional materials printed on paper and purchased for the | | purpose of subsequently transporting such materials outside the | | State for use by the purchaser thereafter solely outside the | | State. |
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| | | Sec. A-7. 36 MRSA §4064, first ¶, as amended by PL 1995, c. 281, §22, | | is further amended to read: |
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| | | A tax is imposed upon the transfer of real property situated | | in this State, including real property held in trust, and upon | | the transfer of tangible personal property located in this State, | | including tangible personal property held in trust, of every | | person who at the time of death was not a resident of this State. | | The amount of this tax is a sum equal to that proportion of the | credit for state death taxes provided by section | Section 2011 of the code | | tangible personal property taxed in this State that qualifies for | | the credit bears to the value of the decedent's total federal | | gross estate. All values are as finally determined for federal | | estate tax purposes. |
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| | | Sec. A-8. Application. That section of this Part that amends the | | Maine Revised Statutes, Title 36, section 1752, subsection 15 and | | that section of this Part that enacts Title 36, |
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