36 §6854. Reporting required
§6854. Reporting required 1. Annual reporting by certified applicant. On or before March 1st of each year a certified applicant shall file a report with the State Tax Assessor and the commissioner for the immediately preceding calendar year, referred to in this section as the “report year,” containing the following information: A. The employment […]
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 §6855. Land
§6855. Land 1. Public benefit. The Legislature, recognizing that the submerged and intertidal lands as those terms are defined in Title 12, chapters 202‑A and 220, respectively, are owned by the State for the benefit of the public and are impressed with a public trust and having considered all factors relevant to that public trust […]
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 […]