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 or Territory: | Maine |
Effected Jurisdiction: | Maine |
Jurisdiction type: | State or Territory |
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... |