Maine Revised Statutes Title 36 Sec. 700-A – Additional municipal compensation
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1. Transfers to Disproportionate Tax Burden Fund. Pursuant to section 699, subsection 2 and in order to provide additional compensation to municipalities affected by property tax exemptions provided under this subchapter, the Treasurer of State shall make the following transfers as provided in section 700?B to the Disproportionate Tax Burden Fund established in Title 30?A, section 5681, subsection 3:
A. In fiscal year 2009-10, $2,000,000; [PL 2005, c. 623, §1 (NEW).]
B. In fiscal year 2010-11, $2,500,000; [PL 2005, c. 623, §1 (NEW).]
C. In fiscal year 2011-12, $3,000,000; [PL 2005, c. 623, §1 (NEW).]
D. In fiscal year 2012-13, $3,500,000; and [PL 2005, c. 623, §1 (NEW).]
E. In fiscal year 2013-14 and subsequent fiscal years, $4,000,000. [PL 2005, c. 623, §1 (NEW).]
[PL 2005, c. 623, §1 (NEW).]
SECTION HISTORY
PL 2005, c. 623, §1 (NEW).
Terms Used In Maine Revised Statutes Title 36 Sec. 700-A
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Property: shall be construed to mean both real estate and personal property. See Maine Revised Statutes Title 36 Sec. 501
- 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
- Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72