On Apr. 16, 2025, ME LEG extended comments deadline on proposed ME LEG 18-125-326, from Apr. 21, 2025 to May 16, 2025, with a public hearing set for May 5, 2025.
On Mar. 19, ME LEG proposed amendments on rental property taxes.
ME LEG Department of Administrative and Financial Services, Maine Revenue Services proposed amendments to ME LEG 18-125-326 on property leases and rentals.
Follows Apr. 2024 ME LEG enacting of bill HP 1278 on rental property taxes, #208454.
Proposed Amendments
Provided definitions, explanations, and examples of taxable and non-taxable transactions related to the shift of the imposition of sales or use tax on leased property
Shift from tax being due from lessor upfront on entire purchase price of property to instead requiring lessor to collect sales tax from lessee on each lease, rental payment
Addressed other tax issues related to such transactions, including software licenses, sourcing of leases and rentals, and the calculation of sale price for leases and rentals.
Effective for lease and rental transactions occurring on and after Jan. 1, 2025.
Consultation
Comments on the proposed amendments requested by no later than Apr. 21, 2025.
Apr. 2025 ME LEG Comments Deadline Extended
On Apr. 16, 2025, ME LEG extended comments deadline on proposed ME LEG 18-125-326, from Apr. 21, 2025 to May 16, 2025, with a public hearing set for May 5, 2025.
Regulators
ME LEG
Entity Types
Corp
Reference
ME SR RF 2025-P029, 4/16/2025; ME SR, RF 2025-P029, 3/19/2025; Citation: ME LEG 18-125-326;
