PLEASE NOTE: Legislative Information cannot perform research, provide legal advice, or interpret Maine law. For legal assistance, please contact a qualified attorney.
Amend the bill in section 1 in §5686 in subsection 2 in the 2nd line (page 1, line 14 in L.D.) by inserting after the following: "30th" the following: 'following the close of the fiscal year'
Amend the bill in section 1 in §5686 in subsection 2 in the 3rd line (page 1, line 15 in L.D.) by inserting after the following: "amounts" the following: 'for the previous fiscal year'
Amend the bill in section 1 in §5686 in subsection 3 in the 2nd line (page 1, line 19 in L.D.) by striking out the following: "1st" and inserting the following: '31st'
Amend the bill in section 1 in §5686 in subsection 3 by striking out all of the last sentence (page 1, lines 28 to 31 in L.D.)
 
SUMMARY
This amendment removes the requirement in the bill that a municipality use local sales tax increment revenue to reduce the property tax levy and clarifies the timing of the calculation of the sales tax increment.