H.P. 1613 - L.D. 2239
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 30-A MRSA §5752, sub-§§1 and 3, as amended by PL 1989, c. 104, Pt. C, §§8 and 10, are further amended to read:
1. Agreement. Any 2 or more municipalities may, by a vote of their legislative bodies, enter into an agreement to share all or a specific part of the commercial, industrial or residential assessed valuation located within their respective communities. Municipalities that vote to enter into an agreement pursuant to this section are not required to have borders that are contiguous.
3. Administration. The shared valuation shall must be assessed in the municipality in which the property is located. It shall must be taxed at the rate applicable in that municipality. The tax so assessed shall must be collected by the municipality in which the property is located and the share of that tax, as
specified in the tax base sharing agreement, shall must be remitted within 15 days after collection to the other municipality or municipalities on the basis of the terms of the agreement to which they are parties. The municipality in which the property is located may be authorized by the tax base sharing agreement to make payments due to the other municipality or municipalities that are parties to the agreement to another party or entity. Payments to another party or entity must be for purposes that have a general public benefit.
Effective June 30, 1998, unless otherwise indicated.
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