LD 1584
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LD 1584 Title Page RESOLVE Chapter 67 Page 2 of 2
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LR 2292
Item 1

 
CHAPTER 67

 
H.P. 1120 - L.D. 1584

 
Resolve, Directing the State Tax Assessor To Adjust the

 
State Valuation for the Town of Wiscasset

 
Emergency preamble. Whereas, acts and resolves of the Legislature do
not become effective until 90 days after adjournment unless
enacted as emergencies; and

 
Whereas, the Town of Wiscasset is the host community to the
Maine Yankee Atomic Power Company, which owned and operated a
nuclear electricity generating station that is currently being
decommissioned and which currently owns and operates an
independent storage facility for the interim storage of high-
level nuclear waste and spent nuclear fuel generated during the
operating lifetime of the Maine Yankee Nuclear Power Station; and

 
Whereas, there are fewer than 25 decommissioned or
decommissioning commercial nuclear power reactors nationwide and
fewer than 25 independent spent fuel storage facilities
nationwide, most of which are located on the site of operating
nuclear power plants, causing the valuation of those facilities
and the real estate on which they are located to pose
unprecedented assessment challenges; and

 
Whereas, as a result of the amicable settlement of a property
tax dispute regarding the just value of the Maine Yankee Atomic
Power Company's real and personal property, the Town of Wiscasset
has experienced a loss of its municipal valuation related to the
year 2003 municipal valuation relied upon by the State for
purposes of establishing the 2005 state valuation, as


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