Sec. 1. 36 MRSA §6651, sub-§2-A is enacted to read:

2-A.__Manufacturing facility.__"Manufacturing facility" has the same meaning as under section 1752, subsection 6-A.

Sec. 2. 36 MRSA §6651, sub-§3, as enacted by PL 1995, c. 368, Pt. FFF, §2, is repealed and the following enacted in its place:

3.__Qualified business property.__"Qualified business property" means:

A.__Tangible personal property that:

(1)__Is used or held for use exclusively for a business purpose by the person in possession of it or, in the case of construction in progress or inventory parts, is intended to be used exclusively for a business purpose by the person who will possess that property; and

(2)__Either:

(a)__Was subject to an allowance for depreciation under the Code on April 1st of the property tax year to which the claim for reimbursement relates or would have been subject to an allowance for depreciation under the Code as of that date but for the fact that the property has been fully depreciated; or

(b)__In the case of construction in progress or inventory parts, would be subject under the Code to an allowance for depreciation when placed in service or would have been subject to an allowance for depreciation under the Code as of that date but for the fact that the property has been fully depreciated.

"Qualified business property" also includes all property that is affixed or attached to a building or other real estate if it is used to further a particular trade or business activity taking place in that building or on that real estate.__Except as provided in subparagraph (2), "qualified business property" does not include components or attachments to a building if used primarily to serve the building as a building, regardless of the particular trade or activity taking place in or on the building.__ Except as provided in subparagraph (2), "qualified business property" also does not include land improvements if used primarily to further the use of the land as land, regardless of the