- Maine Revenue Services released notice to lessors of tangible personal property
- Notice concerns shift to lease stream sales taxation
- Guidance includes information on motor vehicle rentals, sale price of lease payments, and definition of TPP
- Definition of TPP includes canned software
- Licenses of canned software qualify as taxable leases or rentals
Source: sovos.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
