Employment Tax Increment Financing Program (Maine)

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Last modified on February 12, 2015.

EZFeed Policy

Place Maine

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
Active Policy Yes

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 Review 2014-05-30
Last Substantive Modification
to Summary


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.

Policy Contact

Department Maine Department of Administrative and Financial Services
Division Revenue Services
Address PO Box 9107 Augusta, ME

Zip/Postal Code 04332-9107
Phone 207-624-9670

Fax 207-624-9694
Email income.tax@maine.gov
Website https://maine.gov/revenue/homepage.html