Maine Const. art. IV, § 23

Maine Constitution

Article IV, § 23 — Municipalities reimbursed annually

Maine Const. art. IV, § 23 (Municipalities reimbursed annually) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

JurisdictionMaine DocumentConstitution

ArticleIV

Section§ 23

CitationMaine Const. art. IV, § 23

Bluebook

Me. Const. art. IV, § 23.

Full Text

The Legislature shall annually reimburse each municipality from state tax sources for not less than 50% of the property tax revenue loss suffered by that municipality during the previous calendar year because of the statutory property tax exemptions or credits enacted after April 1, 1978. The Legislature shall enact appropriate legislation to carry out the intent of this section. This section shall allow, but not require, reimbursement for statutory property tax exemptions or credits for unextracted minerals.

Add this to your briefcase to access full text.

The Legislature shall annually reimburse each municipality from state tax sources for not less than 50% of the property tax revenue loss suffered by that municipality during the previous calendar year because of the statutory property tax exemptions or credits enacted after April 1, 1978. The Legislature shall enact appropriate legislation to carry out the intent of this section. This section shall allow, but not require, reimbursement for statutory property tax exemptions or credits for unextracted minerals.