| Be it enacted by the People of the State of Maine as follows: |
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| | Sec. 1. 30-A MRSA §5252, sub-§2, as amended by PL 1989, c. 104, Pt. C, | §§8 and 10, is further amended to read: |
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| | 2. Captured assessed value. "Captured assessed value" means | the valuation amount by which the current assessed value of a tax | increment financing district exceeds the original assessed value | of the district. If the current assessed value is equal to or | less than the original there is no captured assessed value. For | tax increment financing districts approved after October 1, 1999, | "captured assessed value" does not include the value of property | that is used for the provision of food and lodging to the public. |
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| | This bill excludes property used for the provision of food and | lodging to the public from a tax increment financing district. |
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