An Act Regarding Property Taxes on Certain Energy Generation Projects
Sec. 1. 36 MRSA §271, sub-§2, ¶A, as amended by PL 2019, c. 401, Pt. A, §4, is further amended to read:
(1) The tree growth tax law, chapter 105, subchapter 2-A;
(2) The farm and open space law, chapter 105, subchapter 10;
(3) As provided in section 843;
(4) As provided in section 844;
(5) Section 272;
(6) Section 2865;
(7) The current use valuation of certain working waterfront land law, chapter 105, subchapter 10-A; and
(8) Section 209; and
(9) Section 307;
Sec. 2. 36 MRSA §307 is enacted to read:
§ 307. Valuation of certain energy generation projects
Notwithstanding any provision of this Title to the contrary, this section governs the determination of the just value of certain energy generation property.
summary
This bill provides that, for property tax purposes, the State Tax Assessor determines the valuation of the property of an energy generation project that is located partially in the unorganized territory and partially in organized areas and apportions to the organized areas the portion of the project valuation located in each organized area. The valuation of an energy generation asset determined by the State Tax Assessor may not be considered captured assessed value for tax increment financing purposes, and an appeal of a valuation may be made to the State Board of Property Tax Review.