CHAPTER 305
S.P. 296 - L.D. 1007
An Act to Change the Party Responsible for Payment of a Penalty under the Tree Growth Tax Law when a Subdivision Results in a Parcel of Less than 10 Acres
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 36 MRSA §581-A, as amended by PL 1987, c. 772, §10, is further amended to read:
§581-A. Sale of portion of parcel of forest land
Sale of a portion of a parcel of forest land subject to taxation under this subchapter shall does not affect the taxation under this subchapter of the resulting parcels, unless any is less than 10 forested acres in area. Each resulting parcel shall must be taxed to the owners under this subchapter until the parcel is withdrawn from taxation under this subchapter, in which case the penalties provided for in sections 579 and 581 shall apply only to the owner of that parcel. If a parcel resulting from that sale is less than 10 forested acres in area, the that parcel shall must be considered as withdrawn from taxation under this subchapter as a result of the sale and the penalty assessed against the owner transferor of the resulting parcel of less than 10 forested acres.
Sec. 2. Application. This Act applies to transfers of land occurring on or after November 1, 2001.
Effective September 21, 2001, unless otherwise indicated.
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