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2012 Maine Revised Statutes
TITLE 36: TAXATION
Chapter 371: MINING EXCISE TAX
36 §2851. Preamble


36 ME Rev Stat § 2851 (2012 through 125th Legis) What's This?

Part 4: BUSINESS TAXES

§2851. Preamble

It is the Legislature's belief that mining for metallic minerals is an acceptable and necessary activity in the State. Mining results in economic benefits to the locality where it occurs, as well as to the entire State and the Nation. Those who conduct mining do so by their own initiative and by investing their capital. When mining is conducted, investments of the State are also made to provide public facilities and services. Aesthetic costs and the permanent loss of valuable assets also result from mining. It is the Legislature's intent that the mining excise tax be fairly related to the services provided by the State and its subdivisions, as well as account for the costs of mining and the permanent loss of valuable assets. [1981, c. 711, §10 (NEW).]

SECTION HISTORY

1981, c. 711, §10 (NEW).

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