Sec. 1. 36 MRSA §6652, sub-§1-D is enacted to read:

1-D.__Certain property first placed in service after April 1, 2000 excluded.__Notwithstanding any other provision of law, reimbursement pursuant to this chapter may not be made with respect to property first placed in service after April 1, 2000 that is used primarily for the distribution, presentation or sale of retail goods.

SUMMARY

This bill exempts property that is used primarily for the distribution, presentation or sale of retail goods from reimbursement under the business equipment tax reimbursement, or "BETR", program.