Sec. 1. 36 MRSA §612, sub-§1, as amended by PL 1999, c. 699, Pt. D, §28 and affected by §30, is further amended to read:

1. Lien. There must be a lien to secure the payment of all taxes legally assessed on The legal assessment of taxes upon personal property as defined in section 601 and against a particular taxpayer creates and constitutes a lien upon all of the property assessed to secure payment of the resulting taxes, provided in that the inventory and valuation upon which the assessment is made, there must be contains a description of the personal property taxed which that meets the requirements of Title 11, section 9-1504. Except as otherwise provided in this section, the lien, when perfected, takes precedence over all other claims on the personal property and continues in force until the taxes are paid or until the lien is otherwise terminated by law.

Sec. 2. 36 MRSA §612, sub-§§3 and 4, as amended by PL 1999, c. 699, Pt. D, §28 and affected by §30, are repealed and the following enacted in their place:

3.__Perfection of lien. The lien established by subsection 1 attaches on the date of assessment and must be perfected as against all lien creditors, as defined in Title 11, section 9- 1102, subsection (52), without the necessity of further action by the municipality or any other party.__The lien becomes perfected as against parties other than lien creditors at the time when a notice of the lien is communicated, pursuant to the provisions of Title 11, section 9-1516, to the office identified in Title 11, section 9-1501, subsection (1), paragraph (b).__Any filing is ineffective to perfect a lien as against parties that are not lien creditors to the extent that the filing covers taxes upon property whose status for those taxes was fixed pursuant to section 502 or 611 more than 2 years prior to the filing date.__The lien does not have priority against any interest as to which it is unperfected during the period in which it is not so perfected.__If the lien is perfected as to some interests in the property subject to the tax, but not as to other interests, and the interests as to which it is perfected are superior in priority to the interests against which the lien is unperfected, then the lien has priority over the interests against which it has not been perfected to the extent of the superior interests against which it has been perfected.

4.__Notice of lien. Each notice of lien, which may be in the form of a financing statement or other authenticated record, must: