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07. The law states that the eligible equipment must first be placed in service in Maine after 4/1/95. Does this mean that if I purchase property from another Maine business, it is not eligible for this program?

Not necessarily. The equipment is still eligible if it was placed in service by the previous owner after 4/1/95; however, the number of years claimed by the previous owner must be included on the assessor notification.

Rev. 6/28/07