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Terms Used In Maine Revised Statutes Title 36 Sec. 4641-E

  • Controlling interest: means the following. See Maine Revised Statutes Title 36 Sec. 4641
  • Grantee: means the person to whom a freehold estate or interest in land is conveyed. See Maine Revised Statutes Title 1 Sec. 72
  • Notice: means written notification served personally, sent by certified mail or sent by first-class mail to the last known address of the person for whom the notification is intended. See Maine Revised Statutes Title 36 Sec. 111
  • Subpoena: A command to a witness to appear and give testimony.
  • Tax: means the total amount required to be paid, withheld and paid over or collected and paid over with respect to estimated or actual tax liability under this Title, any credit or reimbursement allowed or paid pursuant to this Title that is recoverable by the assessor and any amount assessed by the assessor pursuant to this Title, including any interest or penalties provided by law. See Maine Revised Statutes Title 36 Sec. 111
The State Tax Assessor is authorized to prescribe such rules and regulations as are necessary to carry out the purposes of this chapter. [PL 1993, c. 398, §6 (AMD).]
Within 3 years of the recording of a deed subject to the tax imposed by this chapter or of the date on which a transfer of a controlling interest in an entity subject to taxation under this chapter is reported to the register of deeds, the State Tax Assessor may examine any books, papers, records or memoranda of the grantor or grantee bearing upon the amount of tax payable, and may enforce that right of examination by subpoena. If the assessor determines that there is a deficiency of taxes due under this chapter, such deficiency must be assessed, together with interest and penalties, with notice to the persons liable, but no such assessment may be made more than 3 years after the date of recording or transfer. [PL 2003, c. 391, §4 (AMD).]
SECTION HISTORY

PL 1975, c. 572, §1 (NEW). PL 1977, c. 679, §32 (AMD). PL 1993, c. 398, §6 (AMD). PL 2001, c. 559, §I11 (AMD). PL 2001, c. 559, §I15 (AFF). PL 2003, c. 391, §4 (AMD).