Maine Revised Statutes Title 36 Sec. 2854 – Excise tax in lieu of property taxes
Current as of: 2023 | Check for updates
|
Other versions
1. Annual excise tax. A mining company shall pay to the State Tax Assessor, for the use set forth in this chapter, an annual excise tax for the privilege of conducting mining within the State.
[PL 1981, c. 711, §10 (NEW).]
Terms Used In Maine Revised Statutes Title 36 Sec. 2854
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- 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
2. Property tax exemption. The excise tax imposed by this chapter shall be in lieu of all property taxes on or with respect to mining property, except for the real property taxes on the following:
A. Buildings, excluding fixtures and equipment; and [PL 1981, c. 711, §10 (NEW).]
B. Land, excluding the value of minerals or mineral rights. [PL 1981, c. 711, §10 (NEW).]
[PL 1981, c. 711, §10 (NEW).]
SECTION HISTORY
PL 1981, c. 711, §10 (NEW).