Public Laws

124th Legislature

Second Regular Session

Parts: A B C D E F G H

Chapter 615

S.P. 710 - L.D. 1810


Sec. C-1. Personal property-related taxation; renewable ocean energy development. No later than November 1, 2010, the Department of Administrative and Financial Regulation, Bureau of Revenue Services shall develop and provide to the joint standing committees of the Legislature having jurisdiction over taxation matters and utilities and energy matters an analysis of whether and under what circumstances renewable ocean energy-generating machinery, equipment and related components, including but not limited to turbines, support structures, transmission cables and their component parts, that are in transit to be located in, on or above state submerged lands as defined in the Maine Revised Statutes, Title 12, section 1801, subsection 9 and that are in the State on the first day of April on the applicable tax year are exempt from taxation under Title 36, section 655, subsection 1, paragraph A, B, G or H.

Office of the Revisor of Statutes
State House, Room 108
Augusta, ME 04333