Maine LD1602 would tax the purchase of automobiles for rental use under one year at 5.5%.
Maine LD1602 changes the sales and use tax for automobiles bought for rental use under one year. Currently, the purchase is exempt, but the lease is taxed at 10%. This bill imposes a 5.5% sales and use tax on the purchase of such automobiles, while keeping the lease tax at 10%. The change applies to sales starting January 1, 2026.
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