| | | C.__Ninety-two and eight-tenths percent of the amount | | remitted to the State must be paid to the municipality | | that adopted the tax. |
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| | | §1875.__Multimunicipal limited sales tax district authorized |
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| | | Two or more municipalities may join__together for the | | purpose of creating a multimunicipal limited sales__tax | | district.__Before the municipal officers prepare the warrant | | for any referendum vote authorizing the adoption of a | | multimunicipal limited sales tax, the participating | | municipalities must execute an interlocal agreement pursuant | | to Title 30-A, chapter 115 that details the financial rights | | and responsibilities of each participating municipality with | | respect to the limited sales tax and the procedures for the | | referendum. The interlocal agreement must detail the | | respective municipal financial obligations in the circumstance | | of any participating municipality voting at referendum to | | adopt or repeal the tax and in the circumstance of any | | participating municipality voting at referendum not to adopt | | or repeal the tax.__For the purposes of complying with Title | | 30-A, section 2205, an interlocal agreement executed for the | | purpose of this chapter must be submitted to the Director of | | the State Planning Office within the Executive Department for | | approval. |
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| | | §1876.__Adjustment of state valuation |
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| | | For each municipality imposing a tax under this chapter, the | | State Tax Assessor shall compute a property tax base | | equivalent.__The property tax base equivalent is computed by | | dividing the revenue distributed to the municipality under | | this chapter by the full value mill rate for the municipality.__ | | The property tax base equivalent for the municipality must be | | added to its state valuation for purposes of distributing | | state school aid under Title 20-A, Part 7, for state-municipal | | revenue sharing under Title 30-A, section 5681 and for | | assessment of county taxes under Title 30-A, chapter 3. |
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| | | Sec. C-1. 30-A MRSA §5681, sub-§2, ¶¶C and D, as enacted by PL 1999, c. | | 731, Pt. U, §1, are repealed. |
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| | | Sec. C-2. 30-A MRSA §5681, sub-§2, ¶E, as enacted by PL 1999, c. 731, | | Pt. U, §1, is amended to read: |
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| | | E. "Disproportionate tax burden" means the total real and | | personal property taxes assessed in the most recently | | completed municipal fiscal year, except the taxes assessed |
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