D. One dollar and twenty-five cents per proof gallon as the term proof gallon is defined in the United States Code, Title 26, Section 5002, on all spirits sold in the State.

PART G

Sec. G-1. 36 MRSA §662 is enacted to read:

§662.__Certain business personal property

1.__Exemption.__An exemption is provided under this Part for 70% of the just value of property described in section 6651, subsection 3 that is first placed in service in the State after April 1, 2003.

2.__Reimbursement to municipalities.__The State shall reimburse municipalities for 50% of the property tax revenue loss suffered as a result of this section using the procedure specified in section 661.__The State may not reimburse municipalities to the extent that the property taxes paid after March 31, 2002 are returned to a taxpayer by a municipality due to the taxpayer's participation in a municipal development district pursuant to Title 30-A.

Sec. G-2. 36 MRSA §6651, sub-§1, as amended by PL 2001, c. 396, §43, is further amended to read:

1. Eligible property. "Eligible property" means qualified business property first placed in service in the State, or constituting construction in progress commenced in the State, after April 1, 1995 and on or before April 1, 2003. "Eligible property" includes, without limitation, repair parts, replacement parts, additions, accessions and accessories to other qualified business property placed in service on or before April 1, 1995 if the part, addition, accession or accessory is first placed in service, or constitutes construction in progress, in the State after April 1, 1995 and on or before April 1, 2003. "Eligible property" also includes inventory parts.

Sec. G-3. 36 MRSA §6651, sub-§2, as enacted by PL 1995, c. 368, Pt. FFF, §2, is amended to read:

2. Inventory parts. "Inventory parts" includes repair parts, replacement parts, replacement equipment, additions, accessions and accessories on hand but not in service and stocks or inventories of repair parts, replacement parts, replacement