LD 1711
pg. 16
Page 15 of 18 An Act To Make Minor Substantive Changes to the Tax Laws Page 17 of 18
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LR 2951
Item 1

 
committee of the Legislature having jurisdiction over taxation
matters a report that contains the following information with
regard to persons receiving benefits under this chapter:

 
A. A list of persons receiving reimbursement for property
taxes both under this chapter and under a tax increment
financing agreement;

 
B. The total tax increment financing district property
value for each person;

 
C. The municipality of each tax increment financing
district and the property tax rate for that municipality;

 
D. The total tax increment financing district property
taxes paid, categorized by real property and personal
property;

 
E. The total of tax increment financing credit enhancement
agreement reimbursement for property taxes paid categorized
by real property and personal property;

 
F. The total reimbursement received by each person under
this chapter; and

 
G. The extent of overlap between reimbursement for property
taxes on personal property under this chapter and under a
tax increment financing agreement.

 
2. Cooperation. The Claimants for reimbursement under this
chapter, the Department of Economic and Community Development and
municipalities shall provide any information requested by the
State Tax Assessor for the completion of the report required by
this section.

 
Sec. 32. Application. Those sections of this Act that repeal and
replace the Maine Revised Statutes, Title 36, section 4063 and
amend Title 36, section 4071, subsections 1 and 3 apply to the
estate of any decedent dying on or after January 1, 2003. That
section of this Act that amends Title 36, section 4072 applies to
the estate of any decedent dying on or after January 1, 2006.
Those sections of this Act that enact Title 36, section 5122,
subsection 2, paragraphs V, W and X apply to tax years beginning
on or after January 1, 2006.

 
Sec. 33. Retroactivity. That section of this Act that amends the
Maine Revised Statutes, Title 36, section 4366-A, subsection 2
applies retroactively to September 19, 2005. That section of this
Act that amends Title 36, section 6664 applies retroactively to
June 29, 2005.


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