Terms Used In Maine Revised Statutes Title 36 Sec. 2722

  • Commercial forest land: means land that is classified or that is eligible for classification as forest land pursuant to the Maine Tree Growth Tax Law, chapter 105, subchapter 2?A, except that "commercial forest land" does not include land described in section 573, subsection 3, paragraph B or C when all commercial harvesting of forest products is prohibited. See Maine Revised Statutes Title 36 Sec. 2724
  • Tax: means the total amount required to be paid, withheld and paid over or collected and paid over with respect to estimated or actual tax liability under this Title, any credit or reimbursement allowed or paid pursuant to this Title that is recoverable by the assessor and any amount assessed by the assessor pursuant to this Title, including any interest or penalties provided by law. See Maine Revised Statutes Title 36 Sec. 111
An excise tax is imposed upon the privilege of using one’s land in commercial forestry enterprise in this State. The tax shall be levied upon owners of commercial forest land and shall be apportioned according to the formula specified in section 2723-A. The State, municipalities and the Federal Government are not subject to this tax. [PL 1987, c. 362, §1 (AMD).]
SECTION HISTORY

PL 1985, c. 514, §2 (NEW). PL 1987, c. 362, §1 (AMD).