| Be it enacted by the People of the State of Maine as follows: |
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| | Sec. 1. 36 MRSA §6651, sub-§2-A is enacted to read: |
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| | 2-A.__Manufacturing facility.__"Manufacturing facility" has | the same meaning as under section 1752, subsection 6-A. |
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| | Sec. 2. 36 MRSA §6651, sub-§3, as enacted by PL 1995, c. 368, Pt. FFF, | §2, is repealed and the following enacted in its place: |
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| | 3.__Qualified business property.__"Qualified business | property" means: |
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| A.__Tangible personal property that: |
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| (1)__Is used or held for use exclusively for a business | purpose by the person in possession of it or, in the | case of construction in progress or inventory parts, is | intended to be used exclusively for a business purpose | by the person who will possess that property; and |
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| (a)__Was subject to an allowance for depreciation | under the Code on April 1st of the property tax | year to which the claim for reimbursement relates | or would have been subject to an allowance for | depreciation under the Code as of that date but | for the fact that the property has been fully | depreciated; or |
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| (b)__In the case of construction in progress or | inventory parts, would be subject under the Code | to an allowance for depreciation when placed in | service or would have been subject to an allowance | for depreciation under the Code as of that date | but for the fact that the property has been fully | depreciated. |
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| "Qualified business property" also includes all property that is | affixed or attached to a building or other real estate if it is | used to further a particular trade or business activity taking | place in that building or on that real estate.__Except as | provided in subparagraph (2), "qualified business property" does | not include components or attachments to a building if used | primarily to serve the building as a building, regardless of the | particular trade or activity taking place in or on the building.__ | Except as provided in subparagraph (2), "qualified business | property" also does not include land improvements if used | primarily to further the use of the land as land, regardless of | the |
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