Jobs and Investment Tax Credit (Maine)
Last modified on February 12, 2015.
|Applies to States or Provinces||Maine|
|Name||Jobs and Investment Tax Credit (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 Revenue Services|
|Primary Website|| http://www.mainelegislature.org/legis/statutes/36/title36sec5215.html
|Last Review|| 2014-09-15
The Jobs and Investment Tax Credit is available to businesses that create at least 100 new jobs within two years and invest at least $5 million in one year. The credit is limited to tax liability or to $500,000, whichever is less. The credit can be carried forward seven years.
|Department||Maine Department of Administrative and Financial Services|
|Address|| P.O. Box 9107 Augusta, ME