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2012 Maine Revised Statutes
TITLE 10: COMMERCE AND TRADE
Chapter 1003: NORTHERN MAINE TRANSMISSION CORPORATION
10 §9205. Tax exemption


10 ME Rev Stat § 9205 (2012 through 125th Legis) What's This?

Part 12: ENERGY

§9205. Tax exemption

1. Bonds or notes. All bonds, notes or other evidences of indebtedness issued under this chapter are issued by a political subdivision or a body corporate and politic of the State and for an essential public and governmental purpose. Those bonds, notes or other evidences of indebtedness, the interest on them and the income from them, including any profit on their sale, and all activities of the corporation and fees, charges, funds, revenue, income and other money of the corporation, whether or not pledged or available to pay or secure the payment of those bonds, notes or other evidences of indebtedness or interest on them, are exempt from all taxation franchise fees or special assessments of whatever kind except for transfer, inheritance and estate taxes.

[ 1999, c. 513, §6 (NEW) .]

2. Property taxes. All real and personal property acquired by the corporation is subject to taxes to the same extent as real and personal property owned by other electric utilities.

[ 1999, c. 513, §6 (NEW) .]

SECTION HISTORY

1999, c. 513, §6 (NEW).

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