Sec. 1. 36 MRSA §701-A, as amended by PL 1999, c. 478, §2, is further amended by adding at the end a new paragraph to read:

For the purpose of establishing the valuation of property that exhibits the presence of intangible assets or rights that contribute to the economic viability of the property, including contracts and agreements, government subsidies, tax credits and permits and licenses, those intangible assets or rights must be included in the value of the property.

SUMMARY

This bill requires that intangible assets or rights, such as contracts, subsidies, tax credits and licenses, be included in the value of real property for purposes of determining just value.