PUBLIC Law Chapter 457

provided in this chapter. The reimbursement under this chapter is

100% of the taxes assessed and paid with respect to eligible

property, except that for claims filed for the application period

that begins on August 1, 2006 the reimbursement is 90% of the taxes

assessed and paid with respect to eligible property. For purposes

of this chapter, a tax applied as a credit against a tax assessed

pursuant to chapter 111 or 112 is a tax assessed pursuant to

chapter 111 or 112. Eligible property is subject to reimbursement

pursuant to this chapter for up to 12 property tax years, but the

12 years must be reduced by one year for each year during which a

taxpayer included the same property in its investment credit base

under section 5219-D, 5219-E or 5219-M and claimed the credit

provided in one or more of those sections on its income tax return,

and reimbursement may not be made for taxes assessed in a year in

which one or more of those credits is taken. A successor in

interest of a person against whom taxes have been assessed with

respect to eligible property is entitled to reimbursement pursuant

to this section, whether the tax was paid by the person assessed or

by the successor, as long as a transfer of the property in question

to the successor has occurred and the successor is the owner of the

property as of August 1st, of the year in which a claim for

reimbursement may be filed pursuant to section 6654. For purposes

of this paragraph, "successor in interest" includes the initial

successor and any subsequent successor. When an eligible successor

in interest exists, the successor is the only person to whom

reimbursement under this chapter may be made with respect to the

transferred property.

Sec. BBB-2. 36 MRSA §6658, as amended by PL 2001, c. 396, §48, is
further amended to read:

§6658. Subsequent changes

If, after a claim for reimbursement has been filed, the
associated property tax assessment is reduced or abated for any
reason, or the property tax paid is applied as a credit against
the tax assessed pursuant to chapter 111 or 112, the claimant
shall file, within 60 days after receipt of the reduction,
abatement or credit, an amended claim for reimbursement
reflecting the reduction, abatement or credit. If a claimant has
received reimbursement for property tax that is reduced, abated
or credited against the tax assessed pursuant to chapter 111 or
112, the claimant shall, within 60 days of receipt of the
reduction, abatement or credit, refund to the Bureau of Revenue
Services the amount of the reimbursement ~~for~~ attributable to the
property tax that has been reduced, abated or credited. If the
claimant fails to make the refund within the 60-day period, the
State Tax Assessor, within 3 years from the claimant's receipt of
reimbursement, may issue an assessment for the amount that the

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