Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.
| State: | Maine |
| Effected Jurisdiction: | Maine |
Jurisdiction type: | State |
| Fiscal year ending In: | 2019 |
| Program name: | Employment Tax Increment Financing (TIF) |
| Program purpose: | Job Creation/Retention |
| Statutory authority: | 36 M.R.S. §6754 |
| Abating jurisdiction(s): | State of Maine |
| Applicable taxes: | State Income Tax withholding from employee salary |
| Method of abatement: | Reimbursement |
| Provisions for recapture: | Any overpayment must be applied to reduce future reimbursement payments. Overpayments must be repaid if the business no longer qualifies for future payments. |
| Gross revenue loss: | $12,695,785 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $12,695,785 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.maine.gov/osc/financial-reporting/annual-comprehensive-finan... |
