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

PLEASE NOTE: THIS MEETING WAS ORIGINALLY SCHEDULED FOR DECEMBER 5th BUT NEEDED TO BE RESCHEDULED.  SEE DETAILS FOR THE RESCHEDULED MEETING BELOW

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 12th 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 12th.

Due to MRS policy, we were unable to post the recording on the MMTA website.  However, if you have any questions about the presentation and the new law, please reach out to Tim or Brian at MMTA.

 

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MMTA is inviting you to a scheduled Zoom meeting.
December 12, 2024 – 9:30am

 

Join Zoom Meeting
https://us02web.zoom.us/j/84759768462?pwd=tax2KyL4NJmHG77afZLPcp6EE3v7Xh.1 

Meeting ID: 847 5976 8462
Passcode: 497274

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Meeting ID: 847 5976 8462
Passcode: 497274