Maine legislation · 132nd Legislature
Maine LD1852: An Act to Promote Equitable Property Taxation by Reducing Valuation Based on Nearby Clean Energy Projects
Status: Failed, June 5, 2025
What the bill says
An Act to Promote Equitable Property Taxation by Reducing Valuation Based on Nearby Clean Energy Projects Reference to the Committee on Taxation suggested and ordered printed. ROBERT B. HUNT Clerk Presented by Representative HYMES of Waldo. Cosponsored by Representatives: COLLINS of Sidney, DRINKWATER of Milford, FOSTER of Dexter, HAGGAN of Hampden, PAUL of Winterport, Senator: BRADSTREET of Kennebec. Printed on recycled paper.
From the engrossed text:
An Act to Promote Equitable Property Taxation by Reducing Valuation Based on Nearby Clean Energy Projects Reference to the Committee on Taxation suggested and ordered printed. ROBERT B. HUNT Clerk Presented by Representative HYMES of Waldo. Cosponsored by Representatives: COLLINS of Sidney, DRINKWATER of Milford, FOSTER of Dexter, HAGGAN of Hampden, PAUL of Winterport, Senator: BRADSTREET of Kennebec. Printed on recycled paper Be it enacted by the People of the State of Maine as follows: Sec. 1. 36 MRSA §701-A, 3rd ¶, as amended by PL 2023, c. 441, Pt. B, §4 and affected by §7, is further amended to read: For the purpose of establishing the valuation of improved real property, the property must be valued based on its highest and best use as of April 1st of each year, taking all of the following 3 approaches to value into consideration: cost, income and sales comparison. In establishing the valuation of improved real property, assessors shall consider age, condition, use, type of construction, location, design, physical features and economic characteristics. When considering location, if the improved real property abuts a solar energy development or grid-scale wind energy development, the assessors shall reduce the valuation of the real property as a result of its proximity to the solar energy development or grid-scale wind energy development and determine the just value …
Sponsors
- Benjamin Hymes (R, 38) · primary sponsor