Employment Tax Increment Financing Program (Maine)
Last modified on February 12, 2015.
|Applies to States or Provinces||Maine|
|Name||Employment Tax Increment Financing Program (Maine)|
|Policy Category||Financial Incentive|
|Policy Type||Corporate Tax Incentive|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy|
|Implementing Sector|| State/Province
|Program Administrator||Maine Office of Business Development|
|Primary Website|| http://www.maine.gov/decd/start-grow/tax-incentives/employment_tax_increment_financing.shtml
| Last Substantive Modification
The Employment Tax Increment Financing Program assists business investment projects that create at least five new, high quality jobs within Maine. An approved business may be reimbursed 30, 50, or 75% (80% in Pine Tree Development Zones) of the state income tax withholdings from net new payroll for up to ten years.
|Department||Maine Department of Administrative and Financial Services|
|Address|| PO Box 9107 Augusta, ME