APPROVED CHAPTER
APRIL 16, 2024 629
BY GOVERNOR PUBLIC LAW
STATE OF MAINE
_____
IN THE YEAR OF OUR LORD
TWO THOUSAND TWENTY-FOUR
_____
S.P. 828 - L.D. 2006
An Act to Amend the Laws Regarding Adjustments for Sudden and Severe
Disruption of Municipal Valuation
Emergency preamble. Whereas, acts and resolves of the Legislature do not
become effective until 90 days after adjournment unless enacted as emergencies; and
Whereas, municipalities will be evaluating their resources and preparing their budgets
sooner than 90 days after adjournment of the Second Regular Session of the 131st
Legislature; and
Whereas, enactment of this bill may result in the availability of additional revenue
for some municipalities that qualify for a sudden and severe disruption of valuation
adjustment; and
Whereas, it is necessary to maximize the ability of municipalities to consider the
availability of additional revenue when preparing their budgets; and
Whereas, in the judgment of the Legislature, these facts create an emergency within
the meaning of the Constitution of Maine and require the following legislation as
immediately necessary for the preservation of the public peace, health and safety; now,
therefore,
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 30-A MRSA §5681, sub-§2, ¶B, as amended by PL 2007, c. 662, §1, is
further amended to read:
B. "Property tax burden" means the total real and personal property taxes assessed in
the municipal fiscal year pertaining to the latest state valuation, except the taxes
assessed on captured value within a tax increment financing district, divided by the
latest state valuation certified to the Secretary of State. In the case of a municipality
that qualifies for an adjustment for sudden and severe disruption of valuation under
Title 36, section 208-A, the amount of money that municipality uses from undesignated
fund balances in the municipal fiscal year must be added to the total real and personal
property taxes assessed in each fiscal year that municipality qualifies for an adjustment
in the determination of the property tax burden.
Page 1 - 131LR2534(03)
 Sec. 2. 30-A MRSA §5681, sub-§2, ¶E, as amended by PL 2011, c. 656, §1, is
further amended to read:
E. "Disproportionate tax burden" means the total real and personal property taxes
assessed in the municipal fiscal year pertaining to the latest state valuation, except the
taxes assessed on captured value within a tax increment financing district, divided by
the latest state valuation certified to the Secretary of State and reduced by .01. In the
case of a municipality that qualifies for an adjustment for sudden and severe disruption
of valuation under Title 36, section 208-A, the amount of money that municipality uses
from undesignated fund balances in the municipal fiscal year must be added to the total
real and personal property taxes assessed in each fiscal year that municipality qualifies
for an adjustment in the determination of the property tax burden. Beginning on July
1, 2013 and each July 1st thereafter, if the total revenue-sharing distribution as
calculated by subsection 5 is distributed to the municipalities without transfer or
reduction, the reduction factor must be increased by either .0005 or the percentage
increase necessary to equal the statewide average property tax rate, whichever increase
is smaller, until the fiscal year when the percentage reduction factor reaches the
statewide average property tax rate.
Sec. 3. Application. This Act applies to adjustments for revenue sharing years
beginning on or after July 1, 2024 or the effective date of this Act, whichever is later.
Emergency clause. In view of the emergency cited in the preamble, this legislation
takes effect when approved.
Page 2 - 131LR2534(03)


Statutes affected:
Bill Text LD 2006, SP 828: 30-A.5681
Bill Text ACTPUB , Chapter 629: 30-A.5681