| | | accordance with Title 30-A, chapter 112 has all the rights and | | obligations of the municipalities within the municipal service | | district under the Constitution of Maine, Article IV, Part Third, | | Section 23 and this section.__The Treasurer of State shall pay to | | each municipal service district 50% of the property tax revenue | | loss in each of the municipalities within the municipal service | | district, as determined in accordance with this section, by | | December 15th of the year following the year in which property | | tax revenue was lost. |
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| | | Sec. C-3. 36 MRSA §662 is enacted to read: |
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| | | §662.__Business equipment |
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| | | 1.__Eligible business equipment exempt.__Eligible business | | equipment is exempt from all taxation under this Part, except | | chapters 111 and 112. |
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| | | 2.__Definitions.__As used in this section, unless the context | | otherwise indicates, the following terms have the following | | meanings. |
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| | | A.__"BETR-expired property" means property that was eligible | | for property tax reimbursement under chapter 915, but is no | | longer eligible for such reimbursement due to the fact that | | reimbursements have been made for the entire length of time | | for which reimbursements were allowed under section 6652, | | subsection 1. |
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| | | B.__"Eligible business equipment" means BETR-expired | | property and qualified business property that, in the | | absence of this section, would first be subject to taxation | | under this Part after April 1, 2003.__"Eligible business | | equipment" includes, without limitation, repair parts, | | replacement parts, additions, accessions and accessories to |
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| | | other qualified business property that first became taxable | | under this Part on or before April 1, 2003 if the part, | | addition, accession or accessory would, in the absence of | | this section, first be subject to taxation under this Part | | after April 1, 2003.__"Eligible business equipment" also | | includes inventory parts for qualified business property | | that, in the absence of this section, would first be subject | | to taxation under this Part after April 1, 2003. |
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| | | "Eligible business equipment" does not include: |
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| | | (1)__Office furniture, including, without limitation, | | tables, chairs, desks, bookcases, filing cabinets and | | modular office partitions; |
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