An Act To Amend the Laws Governing the Taxation of Time-share Estates
Maine Legislature, Session 122, LD 1226
Committee: Taxation
Sponsors: COLLINS, NASS, BIERMAN, CLARK, CLOUGH, PINEAU, SEAVEY, WATSON, COURTNEY
Amends: 33 MRSA §593

Legislative Document 
No. 1226 
H.P.844 
House of Representatives, March 10, 2005 
An Act To Amend the Laws Governing the Taxation of Time-share 
Estates 
Reference to the Committee on Taxation suggested and ordered printed. 
Presented by Representative COLLINS of Wells. 
Cosponsored by Senator NASS of York and 
17/~ /h. 7!/ac~ 
MILLICENT M. MacFARLAND 
Clerk 
Representatives: BIERMAN of Sorrento, CLARK of Millinocket, CLOUGH of Scarborough, 
McCORMICK of West Gardiner, PINEAU of Jay, SEAVEY of Kennebunkport, WATSON of 
Bath, Senator: COURTNEY of York. 
Printed on recycled paper 
Be it enacted by the People of the State of Maine as follows: 
Sec. 1. 33 MRSA §593, sub-§2, as amended by PL 1987, c. 358, 
§1, is further amended to read: 
2. 
Time-share 
estates 
as 
separate 
estates 
or 
as 
one 
parcel. 
Each time-share estate constitutes for all purposes a 
separate estate in real property. 
Each time-share estate ssa;!,;!, 
!!!..l.!ll be separately assessed and taxed. 
±se When so taxed, the 
filing and discharge of tax liens on more than one time-share 
estate owned by the same person are governed by Title 36, section 
942-A. 
If reguired by an ordinance enacted by the municipal 
officers, each whole condominium unit in which time-share estates 
have been created must be valued for real estate tax purposes as 
if the unit were owned by a single taxpayer, in which case the 
total cumulative purchase price paid for the time-share estates 
may not determine the unit's assessed value. 
Whether taxed as 
separate estates or as one condominium unit, the assessed value 
may not include that portion of the purchase price attributable 
to 
marketing 
costs, 
vacation 
or 
interval 
exchange 
rights, 
vacation services or club memberships or costs associated with 
those rights, services or memberships if the association of unit 
owners 
or 
a 
managing 
entity 
provides 
competent 
information 
detailing such costs to the municipal assessor prior to March 1st. 
Sec. 2. 33 MRS A §593, sub-§4, as amended by PL 1991, c. 197, 
§1, is further amended to read: 
4. 
Collection and receipt of money for taxes; tax bills. 
The managing entity may collect and receive money from time-share 
estate 
owners 
for 
the 
purpose 
of 
paying 
taxes 
assessed 
on 
time-share estates. 
If the municipal officers have enacted an ordinance reguiring 
that each whole condominium unit in which time-share estates have 
been created be ya1ued for real estate tax purposes as if the 
unit were owned by a single taxpayer or if otherwise required by 
an ordinance enacted by the municipal officers, 
the managing 
entity, or if there is none, the condominium's association, shall 
collect and receive money from time-share estate owners for the 
purpose of paying taxes assessed on time-share estates. 
±se Lt 
the municipal officers have not enacted an ordinance reguiring 
that each whole condominium unit in which time-share estates have 
been created be valued for real estate tax purposes as if the 
unit were owned by a single taxpayer, the ordinance reguiring the 
managing entity to so collect and receive money must also require 
that the municipality send the managing entity a tax bill and 
information necessary to identify the assessed value of each 
time-share 
unit. 
Nothing 
in 
this 
subsection 
prevents 
a 
.. 
municipality from sending separate tax bills to each time-share 
owner. 
Any managing entity that collects taxes shall maintain an escrow 
account and pay the taxes as provided in subsection 5. 
Sec. 3. Application. 
This Act applies to taxes assessed based 
on the status of property on or after April 1, 2005. 
SUMMARY 
l2 
This bill provides that if required by an ordinance enacted 
by the municipal officers, each whole condominium unit in which 
time-share estates have been created within a municipality must 
be valued for real estate tax purposes as if the unit were owned 
by a single taxpayer .