Sec. 1. 36 MRSA §6651, sub-§1, as amended by PL 1997, c. 557, Pt. B, §11 and affected by Pt. G, §1, is further amended to read:

1. Eligible property. "Eligible property" means qualified business property first placed in service in the State, or constituting construction in progress commenced in the State, after April 1, 1995. "Eligible property" includes, without limitation, repair parts, replacement parts, additions, accessions and accessories to other qualified business property placed in service on or before April 1, 1995 if the part, addition, accession or accessory is first placed in service, or constitutes construction in progress, in the State after April 1, 1995. "Eligible property" also includes inventory parts. "Eligible property" is subject to reimbursement pursuant to this chapter for up to 12 10 years, but the 12 10 years must be reduced by one year for each year during which a taxpayer included the same property in its investment credit base under section 5219-E or 5219-M and claimed the credit provided in either section on its income tax return.

Sec. 2. 36 MRSA §6652, sub-§1, as amended by PL 1997, c. 729, Pt. B, §1, is further amended to read:

1. Generally. A person against whom taxes have been assessed pursuant to Part 2, except for chapters 111 and 112, with respect to eligible property and who has paid those taxes is entitled to reimbursement of those taxes from the State as provided in this chapter. The amount of reimbursement is equal to the taxes paid on 90% of the value of the eligible property.

Sec. 3. 36 MRSA §6652, sub-§1-B, as enacted by PL 1997, c. 24, Pt. C, §14, is amended to read:

1-B. Certain property excluded. Notwithstanding any other provision of law, reimbursement pursuant to this chapter may not be made with respect to the following property:

A. Office furniture, including without limitation tables, chairs, desks, bookcases, filing cabinets and modular office partitions; and b! 1997, c. 24, Pt. C, @14 (new). ?b

B. Lamps and lighting fixtures. b! 1997, c. 24, Pt. C, @14 (new). ?b

This subsection applies to property tax years beginning after April 1, 1996. Property affected by this subsection that was eligible for reimbursement pursuant to chapter 915 of property