Maine Fuel Sales Tax Exemption – Heat Just Got Cheaper
- Sales Tax News
- Jun 7, 2012 | Susan McLain
Maine LD 1610 (HP 1219), “An Act to Amend the Law Regarding the Sale of Wood Pellets” was signed by Governor Paul LePage May 21, 2012 as Emergency Enacted Public Law Chapter 670.
The Emergency Preamble indicates that the legislation takes effect immediately.
LD 1610 increases the sales tax exemption threshold from 200 pounds of wood pellets to “…1,000 pounds or less of wood pellets or of any 100% compressed wood product intended for use in a wood stove or fireplace….” This exemption is valid through September 30, 2013.
Starting October 1, 2013, “…a purchase of any amount of wood pellets is presumed to meet the requirements of this subsection.” In addition to wood pellets, “A purchase of less than one cord of wood is presumed to meet the requirements of this subsection.”
The wood must meet the requirements of residential use to qualify.