Amends Maine mining excise tax laws, exempts certain purchases from sales tax, and changes tax distribution.
The bill amends Maine's mining excise tax laws by exempting purchases of electricity, fuel, and depreciable machinery or equipment from sales tax if used in commercial agricultural production, commercial fishing, commercial aquacultural production, commercial wood harvesting, or commercial mining. It also changes the calculation of the mining excise tax to be based on gross proceeds multiplied by 0.05.
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