C.M.R. 18, 125, ch. 318 - INSTRUMENTALITIES OF INTERSTATE OR FOREIGN COMMERCE

SUMMARY: Explains the application of the exemption from Maine sales or use tax provided in 36 M.R.S. §1760(41-A) for a vehicle, railroad rolling stock, aircraft, or watercraft placed in use by the purchaser as an instrumentality of interstate or foreign commerce within 30 days after purchase or, in the case of leased property, 30 days after the commencement of that lease, and used by the purchaser or lessee not less than 80% of the days in use for the next two years as an instrumentality of interstate or foreign commerce. Qualifying lessees of such property may claim the exemption on lease and rental payments occurring on and after January 1, 2025.