An Act To Amend The Law Regarding The Current Use Valuation Of Certain Working Waterfront Land With Respect To Commercial Boat Yards

LD 1168 amends Maine's tax law to clarify that commercial boat yards qualify as "working waterfront land" for current use valuation purposes, directly affecting property owners of these facilities. The bill defines a "commercial boat yard" as a facility primarily leasing storage, docking, or mooring space to watercraft used in commercial fishing activities. This change ensures such properties are explicitly included in the current use valuation program, which taxes land at a lower rate based on its agricultural or commercial use rather than market value.