Maine Revised Statutes Title 36 — Taxation
36 M.R.S. § 699
Legislative findings; intent
# 1.
Findings.
The Legislature finds that encouragement of the growth of capital investment in this State is in the public interest and promotes the general welfare of the people of the State. The Legislature further finds that the high cost of owning qualified business property in this State is a disincentive to the growth of capital investment in this State. The Legislature further finds that the tax exemption set forth in this subchapter is a reasonable means of overcoming this disincentive and will encourage capital investment in this State.
# 2.
Intent.
It is the intent of the Legislature to fund fully transfers to the Disproportionate Tax Burden Fund under section 700‑A, subsection 1 and reimbursements under the business equipment tax reimbursement program under section 6652, subsection 4, paragraph B .
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In this chapter (40 sections)
- 676 · Duty of municipal assessor
- 677 · Homestead exemptions; approval; refusal; hearings
- 678 · Lien imposed on property of person claiming exemption although…
- 681 · Definitions
- 682 · Permanent residency; factual determination by assessor
- 683 · Exemption of homesteads
- 684 · Forms; application
- 685 · Duty of assessor; reimbursement by State
- 686 · Denial of homestead exemption; appeals
- 687 · Supplemental assessment
- 688 · Effect of determination of residence
- 689 · Audits; determinations of bureau
- 691 · Definitions; exemption limitations
- 692 · Exemption of business equipment
- 693 · Forms; reporting
- 694 · Duty of assessor; reimbursement by State
- 695 · Denial of exemption; appeals
- 696 · Supplemental assessment
- 697 · Audits; determination of bureau
- 698 · Appeals
- 699 · Legislative findings; intent
- 700 · Reimbursement for state-mandated costs
- 700-A · Additional municipal compensation
- 700-B · Adjustments to revenue
- 701 · Rules for assessment
- 701-A · Just value defined
- 702 · Assessors' liability
- 703 · Select board to act as assessors
- 704 · Delinquent assessors; violation
- 705 · County commissioners may appoint assessors; procedure
- 706 · Taxpayers to list property, notice, penalty, verification
- 706-A · Taxpayers to list property; notice; penalty; verification
- 707 · Exempt property; inventory required
- 708 · Assessors to value real estate and personal property
- 708-A · Certification of valuation lists
- 709 · Assessment and commitment
- 709-A · Primary assessing areas; assessment and commitment
- 709-B · Extension of commitment time limit for 1977
- 710 · Overlay
- 711 · Assessment record