LD115

Maine LD115 would impose an impact fee on megayachts secured to slips in municipalities that collect slip fees.

Maine LD115 would require municipalities to charge an impact fee of $10 per foot of length over 150 feet for each day up to 365 days that a megayacht is secured to a slip. Municipalities can retain 10% of the fees collected, with the remainder transferred to the Megayacht Fund. The bill defines a megayacht as a privately owned pleasure vessel at least 150 feet in length, excluding certain commercial and non-commercial vessels.