MMTA to Host Virtual Meeting to Discuss New Maine Law on Lease/Rental Taxation

As we have previously reported, this past spring lawmakers passed a new law making substantive changes to the rental/lease of equipment from up-front on the lessor at purchase, to a tax on the lease stream to the lessee.  This change is set to go into effect on January 1, 2025 so we have reached out to Maine Revenue Services to see if they would present the new law to our members and answer the many practical questions that will arise given the significance of the change.

For more information on the changes made, click here to access the May article we wrote when the law was passed.

We are happy to report that MRS has agreed to make such a presentation and it has been scheduled for December 5th at 9:30am via Zoom (details to join below).  You do not need to register to attend, but we would like to gather as many of your questions in advance as possible to make good use of their time and yours.  Please send your comments/questions to either Brian or Tim and we will send them along to MRS for them to be prepared on the 5th.

If you are unable to join the Zoom meeting on December 5th, we will post the recording on our Industry News section of the MMTA website.  We hope you will join us and help spread the word to other members who might be impacted.

 

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MMTA is inviting you to a scheduled Zoom meeting.
December 5, 2024 – 9:30am

 

Join Zoom Meeting

https://us02web.zoom.us/j/85790212602?pwd=N3OHe1xVbcD6hgKHzFLbVH2O0LFSgm.1

Meeting ID: 857 9021 2602
Passcode: 451904
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Meeting ID: 857 9021 2602

Passcode: 451904