Sales/excise Tax Division Instructional Bulletin No. 17 - Maine Revenue Services (Page 9 of 9) in pdf

Sales/excise Tax Division Instructional Bulletin No. 17 - Maine Revenue Services Page 9

36 1760. Exemptions.

31. Machinery and equipment. Sales of machinery and equipment for use by the

purchaser directly and primarily in either the production of tangible personal property, which

property is intended to be sold or leased ultimately for final use or consumption, or the production

of tangible personal property pursuant to a contract with the United States Government of any

agency thereof.

74. Property used in production. Sales of tangible personal property, other than fuel or

electricity, that becomes an ingredient or component part of, or that is consumed or destroyed or

loses its identity directly and primarily in either the production of tangible personal property for

later sale or lease, other than lease for use in this State, or the production of tangible personal

property pursuant to a contract with the United States Government or any agency of the United

States Government. Tangible personal property is "consumed or destroyed" or "loses its identity"

in that production if it has a normal physical life expectancy of less than one year as a usable item

in the use to which it is applied.

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Sales/excise Tax Division Instructional Bulletin No. 17 - Maine Revenue Services Page 9