Maine § 5 §13120-H Taxation and fees

Maine Statutes

§ 5 §13120-H — Taxation and fees

Maine § 5 §13120-H

Title 5ADMINISTRATIVE PROCEDURES AND SERVICES

Part 18-AECONOMIC AND COMMUNITY DEVELOPMENT

This text of Maine § 5 §13120-H (Taxation and fees) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 5, § 5 §13120-H (2026).

Text

Notwithstanding any other provision of law, for the purposes of this subchapter, transactions and property of the authority must be treated as follows.

1.Revenue obligation securities; exemption from taxation. Revenue obligation securities of the authority are issued for an essential public and governmental purpose, are public instruments and, together with interest and income, including the profit made from their transfer or sale, are exempt from taxation within the State.

2.Conveyances, leases, mortgages, deeds of trust; trust indentures; exemptions from taxation. Conveyances by or to the authority and leases, mortgages and deeds of trust or trust indentures by or to the authority are exempt from all taxation by the State or any of its political subdivisions, including, but not limited

Free access — add to your briefcase to read the full text and ask questions with AI

Notwithstanding any other provision of law, for the purposes of this subchapter, transactions and property of the authority must be treated as follows.
1.
Revenue obligation securities; exemption from taxation.
Revenue obligation securities of the authority are issued for an essential public and governmental purpose, are public instruments and, together with interest and income, including the profit made from their transfer or sale, are exempt from taxation within the State.
2.
Conveyances, leases, mortgages, deeds of trust; trust indentures; exemptions from taxation.
Conveyances by or to the authority and leases, mortgages and deeds of trust or trust indentures by or to the authority are exempt from all taxation by the State or any of its political subdivisions, including, but not limited to, any applicable license, excise or other taxes imposed in respect of the privilege of engaging in any of the activities in which the authority may engage.
3.
Property exemption from taxation and other assessments.
Property acquired, held or transferred by the authority is exempt from all taxes and from betterments and special assessments of the city, town, county, State or any political subdivision of State Government or county or local governments. The authority may agree to make payments in lieu of taxes to the applicable political subdivisions.