36 §6751. Short title
§6751. Short title This chapter may be known and cited as the “Maine Employment Tax Increment Financing Act.” [PL 1995, c. 669, §5 (NEW).] SECTION HISTORY PL 1995, c. 669, §5 (NEW).
36 §6752. Program established; declaration of public purpose
§6752. Program established; declaration of public purpose The Maine Employment Tax Increment Financing Program is established to encourage the creation of net new quality jobs in this State, improve and broaden the tax base and improve the general economy of the State. The Legislature declares that the actions required to assist the implementation of development […]
36 §6753. Definitions
§6753. Definitions As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 1995, c. 669, §5 (NEW).] 1. Affiliated businesses. [PL 2005, c. 351, §17 (RP).] 1-A. Affiliated business. “Affiliated business” means a member of a group of 2 or more businesses in which more than […]
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 Calculation of employment tax increment (REPEALED)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 Calculation of employment tax increment (REPEALED) SECTION HISTORY PL 1995, c. 669, §5 (NEW).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 […]
36 §6759. Program administration
§6759. Program administration The commissioner shall administer this Act. The commissioner and the State Tax Assessor may adopt rules pursuant to the Maine Administrative Procedure Act for implementation of the program, including, but not limited to, rules for determining and certifying eligibility. The commissioner may also by rule establish fees, including fees payable to the […]
36 §6760. Confidentiality
§6760. Confidentiality The following records are designated as confidential for purposes of Title 1, section 402, subsection 3, paragraph A: [PL 1995, c. 669, §5 (NEW).] 1. Records used for designation or approval of program. Any record obtained or developed by the commissioner or the State Tax Assessor for designation or approval of an […]