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ME LD526
Bill
Status
6/3/2025
Primary Sponsor
Rachel Henderson
Click for details
AI Summary
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Reduces the statute of limitations to challenge governmental takings of commercial real estate for unpaid property taxes to 2 years after the redemption period expires
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Defines "commercial real estate" as property used or held primarily for business purposes, including apartment buildings with 5+ units, mobile home parks, office buildings, and recreational facilities
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Applies only to tax liens recorded on commercial real estate after June 30, 2026
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Amends 36 MRSA §946-B by adding a new subsection specific to commercial properties, separate from the general challenge period in subsection 1
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Signed into law as Public Law Chapter 231 on June 10, 2025
Legislative Description
An Act to Reduce the Time Period for Challenging the Validity of a Property Tax Lien on Commercial Real Estate
Property Tax Procedures
Last Action
PASSED TO BE ENACTED, in concurrence.
6/3/2025