Maine Revised Statutes Title 36 Sec. 458 – Continuation of exemption
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Terms Used In Maine Revised Statutes Title 36 Sec. 458
- 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
Qualified telecommunications equipment subject to taxation under this chapter must be assessed through application of a state excise tax in lieu of a state property tax and continues to be exempt from ordinary local property taxation as formerly provided under section 2696. It is the intent of the Legislature that this section not be considered a new property tax exemption requiring state reimbursement under the Constitution of Maine, Article IV, Part Third, Section 23. [PL 2011, c. 430, §2 (AMD).]
SECTION HISTORY
PL 1987, c. 507, §1 (NEW). PL 2011, c. 430, §2 (AMD).