Sec. 1. 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 to the extent that those taxes have not been returned to the taxpayer by the municipality due to the taxpayer's participation in a municipal development district pursuant to Title 30-A, chapter 207. The combined reimbursement under this chapter and Title 30-A, chapter 207 may not exceed 100% of the assessed taxes for eligible property.

SUMMARY

This bill prohibits reimbursement of property taxes under the business equipment tax reimbursement program if the taxes also are reimbursed under a tax increment financing district agreement.