Bill > LD744

This bill modifies the legal definition of "working waterfront land" in Maine's tax code by making some specific changes to how wharves and piers are classified for property valuation purposes. The bill removes language that previously specified wharves and piers as automatically included in the definition of working waterfront land, instead broadening the definition to include, but not be limited to, areas used for berthing and storing boats and maintaining and storing commercial fishing gear. The legislation maintains the core concept that working waterfront land is a parcel of land that abuts water and is primarily used to support commercial fishing activities. An important technical detail preserved in the bill is that a parcel of land can still be considered a single unit even if it is divided by a road, way, railroad, or pipeline. The changes appear to provide more flexibility in how working waterfront land is defined, which could potentially impact how such properties are assessed for tax purposes.

Budget and Finance

https://legislature.maine.gov/legis/bills/display_ps.asp?LD=744&snum=132