An Act To Create the Pine Tree Power Company, a Nonprofit Utility, To Deliver Lower Rates, Reliability and Local Control for Maine Energy Independence
Maine Legislature, Session 130, LD 1708
Committee Amendment CA_A_HA_B_H738 (House)

HOUSE AMENDMENT" 8 '' to COMMITTEE AMENDMENT "A" to H.P. 1269, 
L.D. 1708, "An Act To Create the Pine Tree Power Company, a Nonprofit Utility, To 
Deliver Lower Rates, Reliability and Local Control for Maine Energy Independence" 
Amend the amendment on page 4 by striking out all of the 3rd indented paragraph 
(page 4, lines 13 to 17 in amendment) and inse1ting the following: 
'Amend the bill in section IO in c. 40 by striking out all of §4005 and insetting the 
following: 
'§4005. Property and income tax status 
1. Property tax. Notwithstanding Title 36, chapter 105, subchapter 4, the company 
is subject to property taxation pmsuant to the laws of the State of Maine and must pay 
property tax in the same manner as an investor-owned transmission and distribution utility. 
Rates charged by the company must include sufficient amounts to pay property taxes due 
under this subsection. 
2. Income tax. Notwithstanding any provision of law to the contrary, income of the 
company is exempt from all taxation or assessment by the State or any political subdivision 
of the State. All bonds, notes and other evidences of indebtedness issued by the company 
in accordance with chapter 9 are legal obligations of the company, and the company is a 
quasi-municipal corporation within the meaning and for the purposes of Title 30-A, section 
5701. All bonds, notes and other evidences of indebtedness issued by the company are 
legal investments for savings banks in this State and are exempt from state income tax. 
3. Tax increment financing agreements. If an investor-owned transmission and 
distribution utility acquired by the company is subject to a tax increment financing 
agreement under Title 30-A, chapter 206, the company acquires the same rights and 
responsibilities as applied to the invest01·-owned transmission and distribution utility under 
the agreement.
' 
Amend the amendment by relettering 01· renumbering any nonconsecutive Part letter or 
section number to read consecutively. 
Page I - 130LR0043(07) 
HOUSE AMENDMENT 
HOUSE AMENDMENT" f3" to COMMITTEE AMENDMENT "A" to H.P. 1269, L.D. 1708 
SUMMARY 
This amendment removes the status of the Pine Tree Power Company as a public 
municipal corporation exempt from property tax and instead provides that the company is 
subject to property tax pursuant to the laws of the State of Maine and must pay property 
tax in the same manner as an investor-owned transmission and distribution utility. The 
company is required to charge rates in sufficient amounts to pay any prope1ty taxes due. 
If the company acquires an investor-owned transmission and distribution utility that is 
subject to a tax increment financing agreement, the company acquires the same rights and 
responsibilities as applied t'(~1~c9fred p.·l·~o/·.--
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SPONSORED BY: 
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(Representative BERRY, S.) 
TOWN: Bowdoinham 
HOUSE AMENDMENT 
Approved: 06/28/21 :Wac. 
LD 1708 
LR 43(07) 
An Act To Create the Pine Tree Power Company, a Nonprofit Utility,To Deliver Lower Rates, 
Reliability and Local Control for Maine Energy Independence 
Fiscal Note for House Amendment 't3' to Committee Amendment 
11A" 11-1 _ ,-3P) 
Sponsor: Rep. Berry of Bowdoinham 
l! 
.J 
Fiscal Note Required: Yes 
Fiscal Note 
Potential increase in property tax payments to municipalities 
Fiscal Detail and Notes 
Under the committee amendment, the Pine Tree Power Company (PTPC) is exempt from paying property taxes, but 
required to make payments in lieu of taxes. This amendment removes the status of the PTPC as a public municipal 
corporation exempt from property tax provisions and must now pay property taxes, but is no longer required to make 
payments in lieu of taxes. As payments in lieu of taxes are typically less than "normal" property tax, this may mean 
some increase in revenue to the municipality or municipalities the PTPC will have a presence in. The PTPC will 
continue to be exempt from state income tax under this amendment. 
LR0043(07) - Fiscal Note - Page 1 of I