Sec. P-1. 36 MRSA §457, sub-§2, as amended by PL 2009, c. 1, Pt. P, §1 and affected by §2, is further amended to read:
Sec. P-2. Review and report. The Joint Standing Committee on Taxation shall review the telecommunications personal property tax and other forms of taxation of telecommunications providers in this State and in other states. The committee shall invite the participation of the Department of Administrative and Financial Services, Bureau of Revenue Services and telecommunications providers in the review. The committee shall submit a report to the Joint Standing Committee on Appropriations and Financial Affairs by January 15, 2010, summarizing the results of its review and recommending changes to the tax laws to ensure equitable tax treatment of telecommunications providers in a revenue-neutral manner. The Joint Standing Committee on Taxation may submit legislation related to the review to the Second Regular Session of the 124th Legislature.
Sec. P-3. Application. Section 1 of this Part applies to assessments made on or after April 1, 2010.