Sec. BBB-3. Appropriations and allocations. The following appropriations and allocations are made.

ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF

Maine Revenue Services 0002

Initiative: Provides funds for computer programming costs associated with limiting the reimbursement of property taxes under the Business Equipment Tax Reimbursement program to 90% of the taxes assessed and paid.

GENERAL FUND 2005-06 2006-07

All Other $20,000 $0

__________ __________

GENERAL FUND TOTAL $20,000

PART CCC

Sec. CCC-1. 36 MRSA §578, sub-§1, as amended by PL 1999, c. 708, §21, is further amended to read:

1. Organized areas. The municipal assessors or chief assessor of a primary assessing area shall adjust the State Tax Assessor's 100% valuation per acre for each forest type of their county by whatever ratio, or percentage of current just value, is applied to other property within the municipality to obtain the assessed values. Forest land in the organized areas, subject to taxation under this subchapter, must be taxed at the property tax rate applicable to other property in the municipality.

The State Tax Assessor shall pay any municipal claim found to be in satisfactory form within 120 days after receipt of the claim.

The State Tax Assessor shall determine annually the amount of acreage in each municipality that is classified and taxed in accordance with this subchapter. Each such municipality is entitled to annual payments from money appropriated by the Legislature if it submits an annual return in accordance with section 383 and if it achieves the appropriate minimum assessment ratio described in section 327. The State Tax Assessor shall pay any municipal claim found to be in satisfactory form by August 1st of the year following the submission of the annual return. The per acre reimbursement is 90% of the per acre tax revenue