36 §6857. Decelerated credit
§6857. Decelerated credit Beginning July 1, 2003, if a certified applicant has employment in any calendar year of less than 5,000 but equal to or greater than 4,500, the credit authorized in section 6853 must be decreased to $2,875,000. If employment is less 4,500 but equal to or greater than 4,000, the credit must be […]
36 §6858. Maine preference
§6858. Maine preference As part of the contractual inducement for the qualified applicant to make a qualified investment and for the State to provide the credit pursuant to this chapter, the qualified applicant agrees when awarding contracts, purchasing supplies or subcontracting work related to a qualified investment or qualified ship to give, to the greatest […]
36 §6901. Definitions
§6901. Definitions As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 2005, c. 519, Pt. GG, §3 (NEW).] 1. Certified visual media production. “Certified visual media production” means a visual media production that has been certified by the Department of Economic and Community Development as […]
36 §6902. Reimbursement allowed; procedure; audits
§6902. Reimbursement allowed; procedure; audits 1. Generally. A visual media production company is allowed a reimbursement equal to 12% of certified production wages paid to or with respect to an individual who is a resident of Maine and 10% of certified production wages paid to or with respect to an individual who is not a […]
36 §6856. Accelerated credit
§6856. Accelerated credit Beginning July 1, 1999, if a certified applicant has employment in any calendar year of at least 5,500, the credit authorized in section 6853 must be increased to $3,125,000. If employment is at least 6,000, the credit must be increased to $3,250,000. If employment is at least 6,500, the credit must be […]
36 §6754. Reimbursement allowed
§6754. Reimbursement allowed 1. Generally. Subject to the provisions of subsection 2, a qualified business is entitled to reimbursement of gross wages paid during the calendar year for which reimbursement is requested and attributed to qualified employees after July 1, 1996 in the following amounts. A. For qualified employees employed by a qualified business […]
36 §6755. Procedures for application
§6755. Procedures for application A qualified business that applies to the commissioner for approval of its employment tax increment financing program shall submit, in a form acceptable to the commissioner, the following information: [PL 1995, c. 669, §5 (NEW).] 1. Base level data. Employment, payroll and state withholding data necessary to calculate the base […]
36 §6756. Criteria for approval
§6756. Criteria for approval Prior to issuing a certificate of approval for an employment tax increment financing program, the commissioner must find that: [PL 1995, c. 669, §5 (NEW).] 1. Approval needed. The economic development described in the program will not go forward without the approval; [PL 1995, c. 669, §5 (NEW).] 2. […]
36 §6757. Calculation of employment tax increment (REPEALED)
§6757. Calculation of employment tax increment (REPEALED) SECTION HISTORY PL 1995, c. 669, §5 (NEW). PL 2005, c. 351, §24 (RP). PL 2005, c. 351, §26 (AFF).
36 §6758. Procedure for reimbursement
§6758. Procedure for reimbursement 1. Reporting by qualified businesses. On or before March 15th of each year, each qualified business approved by the commissioner pursuant to this chapter shall report the number of employees for the immediately preceding calendar year, compensation and state income tax withholding information with respect to each of those employees and […]