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ME
Maine Business Equipment Tax Exemption (BETE) – 100% Personal Property Tax Exemption
Maine provides up to 100% exemption from local personal property taxes on eligible business equipment, including manufacturing machinery; reduces ongoing tax burden for Maine manufacturers; applies to eligible equipment first subject to taxation in Maine after April 1, 1995; exemption application filed annually with the local assessor.
About this program
Visit the program website for full details.
Eligibility
Maine businesses including manufacturers with eligible business equipment first subject to property taxation in Maine after April 1, 1995; equipment must meet BETE eligibility criteria; certain types of equipment used primarily in retail trade may not qualify.
Requirements
- Maine-based manufacturing business with eligible business equipment
- Equipment must have been first subject to taxation in Maine after April 1, 1995
- File BETE application annually with the local town assessor