Approved: 03/27/24
LD 2027 LR 2653(03)
Fiscal Detail and Notes
This bill clarifies that a facility that stores spent nuclear fuel or certain radioactive waste does not qualify as an air
pollution control facility for the purposes of property tax exemption. The bill also clarifies that such a facility is not
eligible for property tax exemption under the Business Equipment Tax Exemption program and is not eligible for
property tax reimbursement under the Business Equipment Tax Reimbursement program. This bill may increase
municipal tax revenue to the extent a facility that stores spent nuclear fuel or radioactive waste currently benefits
from such tax exemption or reimbursement.
131st MAINE LEGISLATURE
An Act Regarding the Property Tax Exemption, Business Equipment Tax Exemption and Business
Equipment Tax Reimbursement for Facilities Storing Spent Nuclear Fuel and Radioactive Waste
Fiscal Note for Bill as Engrossed with:
C "A" (S-602)
Committee: Taxation
Fiscal Note
No state fiscal impact
LR2653(03) - Fiscal Note - Page 1 of 1