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ME
Maine Business Equipment Tax Exemption
State property tax exemption for eligible business equipment placed in service in Maine.
About this program
The Maine Business Equipment Tax Exemption allows eligible businesses to exempt qualified business equipment from local property tax, reducing the cost of capital investment in Maine.
Eligibility
Businesses with eligible taxable personal property and equipment placed in service in Maine that meets statutory BETE program requirements.
Requirements
- File required exemption forms with the local assessor
- Document eligible equipment and placed-in-service date
- Meet Maine Revenue Services and municipal requirements