Maine Revised Statutes Title 36 Sec. 6250 – Definitions
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As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 1989, c. 534, Pt. C, §1 (NEW).]
1. Benefited property.
[PL 1989, c. 534, Pt. C, §1 (NEW); PL 1989, c. 713, §1 (RP).]
Terms Used In Maine Revised Statutes Title 36 Sec. 6250
- Bureau: means the Bureau of Revenue Services. See Maine Revised Statutes Title 36 Sec. 6250
- Disability: means a permanent and total impairment or condition that prevents an individual from being employed as determined by an agency of this State or of the Federal Government or pursuant to routine technical rules adopted by the State Tax Assessor. See Maine Revised Statutes Title 36 Sec. 6250
- Homestead: includes the taxpayer-occupied principal dwelling and up to 10 contiguous acres upon which it is located that is held in a revocable living trust for the benefit of the taxpayer. See Maine Revised Statutes Title 36 Sec. 6250
- Liquid asset: means something of value available to an individual that can be converted to cash in 3 months or less and includes:
A. See Maine Revised Statutes Title 36 Sec. 6250Municipality: means a city, town, plantation or the unorganized territory. See Maine Revised Statutes Title 36 Sec. 6250 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 Tax-deferred property: means the property upon which taxes are deferred under this chapter. See Maine Revised Statutes Title 36 Sec. 6250 Taxpayer: means an individual who has filed a claim for deferral under this chapter or individuals who have jointly filed a claim for deferral under this chapter. See Maine Revised Statutes Title 36 Sec. 6250 Town: includes cities and plantations, unless otherwise expressed or implied. See Maine Revised Statutes Title 1 Sec. 72
2. Bureau. “Bureau” means the Bureau of Revenue Services.
[PL 1989, c. 534, Pt. C, §1 (NEW); PL 1997, c. 526, §14 (AMD).]
2-A. Disability. “Disability” means a permanent and total impairment or condition that prevents an individual from being employed as determined by an agency of this State or of the Federal Government or pursuant to routine technical rules adopted by the State Tax Assessor.
[PL 2021, c. 483, Pt. AA, §2 (NEW).]
3. Homestead. “Homestead” means the owner-occupied principal dwelling owned by the taxpayer and up to 10 contiguous acres upon which it is located. If the homestead is located in a multi-unit building, the homestead is the portion of the building actually used as the principal dwelling and its percentage of the value of the common elements and of the value of the tax lot upon which it is built. The percentage is the value of the unit consisting of the homestead compared to the total value of the building exclusive of the common elements, if any. “Homestead” includes the taxpayer-occupied principal dwelling and up to 10 contiguous acres upon which it is located that is held in a revocable living trust for the benefit of the taxpayer.
[PL 2021, c. 483, Pt. AA, §3 (AMD).]
3-A. Liquid asset. “Liquid asset” means something of value available to an individual that can be converted to cash in 3 months or less and includes:
A. Bank accounts; [PL 2021, c. 483, Pt. AA, §4 (NEW).]
B. Certificates of deposit; [PL 2021, c. 483, Pt. AA, §4 (NEW).]
C. Money market and mutual funds; [PL 2021, c. 483, Pt. AA, §4 (NEW).]
D. Life insurance policies; [PL 2021, c. 483, Pt. AA, §4 (NEW).]
E. Stocks and bonds; and [PL 2021, c. 483, Pt. AA, §4 (NEW).]
F. Lump-sum payments and inheritances. [PL 2021, c. 483, Pt. AA, §4 (NEW).]
[PL 2021, c. 483, Pt. AA, §4 (NEW).]
3-B. Municipality. “Municipality” means a city, town, plantation or the unorganized territory.
[PL 2021, c. 483, Pt. AA, §5 (NEW).]
4. Tax-deferred property. “Tax-deferred property” means the property upon which taxes are deferred under this chapter.
[PL 1989, c. 534, Pt. C, §1 (NEW).]
5. Taxes. “Taxes” or “property taxes” means ad valorem taxes, assessments, fees and charges entered on the assessment and tax roll.
[PL 1989, c. 534, Pt. C, §1 (NEW).]
6. Taxpayer. “Taxpayer” means an individual who has filed a claim for deferral under this chapter or individuals who have jointly filed a claim for deferral under this chapter.
[PL 1989, c. 534, Pt. C, §1 (NEW).]
SECTION HISTORY
PL 1989, c. 534, §C1 (NEW). PL 1989, c. 713, §1 (AMD). PL 1997, c. 526, §14 (AMD). PL 2021, c. 483, Pt. AA, §§2-5 (AMD).