Jobs and Investment Tax Credit (Maine)

From Open Energy Information


Last modified on February 12, 2015.

EZFeed Policy

Place Maine


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
Active Policy Yes
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


Information Source http://www.maine.gov/revenue/forms/credits/2011/11_jitc.pdf


Summary

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.


Policy Contact

Department Maine Department of Administrative and Financial Services
Division Revenue Services
Address P.O. Box 9107 Augusta, ME


Zip/Postal Code 04332-9107
Phone 207-626-8475
Fax 207-624-9694
Email income.tax@maine.gov
Website http://www.maine.gov/revenue/homepage.html


















References