LD 654
pg. 1
LD 654 Title Page An Act To Establish a Flat Tax Rate for the Maine Income Tax Page 2 of 3
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LR 1516
Item 1

 
Be it enacted by the People of the State of Maine as follows:

 
Sec. 1. 1 MRSA §815, first ¶, as enacted by PL 2001, c. 328, §2, is
amended to read:

 
Notwithstanding any other provision of law, if an entity
that has taken property by eminent domain fails to use the
property for the project or purpose for which that property
was taken, the condemnee or the condemnee's heirs have a right
of first refusal to purchase the property as provided in this
section. The right may be exercised at a price equal to the
total compensation paid to the condemnee for the taking plus
an adjustment for any improvements made to the property and
for changes in inflation based upon the Consumer Price Index
as defined in Title 36, section 5402, subsection 1. The right
of first refusal automatically terminates once the property is
used for the project or purpose for which that property was
taken. The purpose of a taking may be passive in nature,
including conservation or preservation. As used in this
section, "Consumer Price Index" means the average over a 12-
month period of the National Consumer Price Index, not
seasonally adjusted, published monthly by the United States
Department of Labor, Bureau of Labor Statistics and designated
as the "National Consumer Price Index for All Urban Consumers
-- United States City Average."

 
Sec. 2. 36 MRSA §3321, sub-§2, as enacted by PL 2001, c. 688, §8, is
amended to read:

 
2. Method of calculation; inflation index defined. The
inflation index for 2003 is 1.118, representing annual
inflation adjustments for the years 1999 to 2002, inclusive.
Starting in 2004 and every year thereafter, the inflation
index is the Consumer Price Index as defined in section 5402,
subsection 1 for the calendar year ending on the December 31st
immediately preceding the calculation date, divided by the
Consumer Price Index for the prior calendar year. As used in
this subsection, "Consumer Price Index" means the average over
a 12-month period of the National Consumer Price Index, not
seasonally adjusted, published monthly by the United States
Department of Labor, Bureau of Labor Statistics and designated
as the "National Consumer Price Index for All Urban Consumers
-- United States City Average."

 
Sec. 3. 36 MRSA §5111, as amended by PL 1999, c. 731, Pt. T, §§2
to 7, is repealed.

 
Sec. 4. 36 MRSA §5111-A, as repealed and replaced by PL 1987, c.
819, §3, is repealed.

 
Sec. 5. 36 MRSA §5111-C is enacted to read:


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