Sec. 1. 36 MRSA §1764, as amended by PL 1999, c. 518, §1, is further amended to read:

§1764. Tax against certain casual sales

The tax imposed by chapters 211 to 225 must be levied upon all casual sales involving the sale of camper trailers, truck campers, motor vehicles, special mobile equipment except farm tractors and lumber harvesting vehicles or loaders, livestock trailers, watercraft or aircraft except those sold for resale at retail sale or to a corporation, partnership, limited liability company or limited liability partnership when the seller is the owner of a majority of the common stock of the corporation or of the has an ownership interests interest in the partnership, limited liability company or limited liability partnership or when the seller is the spouse of such an owner or such a person with an ownership interest.

Sec. 2. Retroactivity. This Act applies retroactively to January 1, 2003.

SUMMARY

This bill provides that casual sales of certain vehicles are exempt from sales tax when sold to a corporation, partnership, limited liability company or limited liability partnership when the seller is the owner of common stock of the corporation or has an ownership interest in the partnership, limited liability company or limited liability partnership or when the seller is the spouse of such an owner or such a person with an ownership interest. The bill applies this change retroactively to January 1, 2003.