LD 241
Session - 129th Maine Legislature
LR 1682
Item 1
Bill Tracking, Additional Documents Chamber Status

An Act To Adjust the Personal Property Tax Exemption for Farm Machinery

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

Sec. 1. 36 MRSA §655, sub-§1, ¶M,  as amended by PL 1977, c. 263, is further amended to read:

M. All farm machinery used exclusively in production of hay and field crops to the aggregate actual market value not exceeding $10,000 $45,000, excluding motor vehicles. Motor vehicle shall mean As used in this paragraph, "motor vehicle" means any self-propelled vehicle;


This bill increases the amount of the exemption from personal property taxation for farm machinery from $10,000 to $45,000.

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