There’s a tax dispute on the Midcoast worth millions wherein Maine Yankee and Wiscasset failed to reach a new property tax agreement, the disputes involve a revaluation and tax exemption at the core of it all.

Maine Yankee and Wiscasset failed to agree and sign a new property tax agreement

Maine DEP granted Maine Yankee a tax exemption for reducing air pollution but now lawmakers are trying to remove that exemption and this leads to Maine Yankee and Wiscasset disagreement.

Maine Yankee and Wiscasset failed to reach a new property tax agreement when the bill’s sponsor said allowing that tax exemption only hurts local taxpayers.

Senator Cameron Reny said that it does not harm Maine Yankee or the environment, but it would harm the town of Wiscasset. The taxpayers would be foothold the bill that should be paid by Maine Yankee and the federal government. The bill makes Maine Yankee and Wiscasset have incongruity.

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Maine Yankee stores nuclear waste from its nuclear power plant that last made power in 1996. Maine Yankee and Wiscasset agreed before the tax exemption of the plantation

Maine Yankee and Wiscasset disputes put the value of the property at $94 million. The federal government reimburses Maine Yankee for the cost of maintaining the storage facility, but Maine Yankee said that those reimbursements are not guaranteed. As part of that reimbursement, the feds also pay Maine Yankee’s property taxes.

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