§576-B. Discount factor and capitalization rate
The percentage factor by which the growth rates set by the State Tax Assessor pursuant to section 576 must be reduced to reflect the growth that can be extracted on a sustained basis is 10%. The capitalization rate applied to the value of the annual net wood production pursuant to section 576 is 8.5%. [PL 1997, c. 504, §7 (RPR).]
SECTION HISTORY
PL 1977, c. 549, §5 (NEW). PL 1977, c. 590 (AMD). PL 1977, c. 694, §§680-685 (AMD). PL 1981, c. 517, §§8,9 (AMD). PL 1981, c. 636 (AMD). PL 1981, c. 706, §§5,6 (AMD). PL 1983, c. 571, §1 (AMD). PL 1985, c. 779, §80 (AMD). PL 1997, c. 504, §7 (RPR).
Structure Maine Revised Statutes
Subchapter 2-A: TREE GROWTH TAX LAW
36 §574. Applicability (REPEALED)
36 §574-C. Reduction of parcels with structures; shoreland areas
36 §575. Administration; rules
36 §575-A. Determining compliance with forest management and harvest plan
36 §576-A. Valuation of areas other than forest land
36 §576-B. Discount factor and capitalization rate
36 §577. Reduced valuation under special circumstances
36 §579. Schedule, investigation
36 §581-A. Sale of portion of parcel of forest land
36 §581-B. Reclassification and withdrawal in unorganized territory
36 §581-C. Mineral lands (REPEALED)
36 §581-D. Mineral lands subject to an excise tax
36 §581-E. Report to the Bureau of Forestry (REPEALED)
36 §581-F. Report to the Bureau of Forestry on land in unorganized territory
36 §581-G. Report to Bureau of Forestry
36 §582. Appeal from State Tax Assessor (REPEALED)
36 §582-A. Payment for tax pending review (REPEALED)