Maine
ME
City of Auburn
Municipality
2019
Credit Enhancement Agreements (TIF)
General Economic Development
(not specified)
Auburn, Maine
Property Tax
Tax Increment Financing (TIF)
(not specified)
$1,237,100
$0
$1,237,100
(none)
https://www.auburnmaine.gov/Pages/Government/Financial-Reports-
3836
Maine
ME
City of Lewiston
Municipality
2019
Credit Enhancement Agreements (TIF)
General Economic Development
(not specified)
Lewiston, Maine
(not specified)
(not specified)
(not specified)
$1,046,326
$0
$1,046,326
(none)
3837
Maine
ME
City of Portland
Municipality
2019
Credit Enhancement Agreements (TIF)
General Economic Development
State of Maine Title 30-A M.R.S. §§ 5221-5235
Portland, Maine
Property Tax
Tax Rebate
(not specified)
$3,231,104
$0
$3,231,104
(none)
https://www.portlandmaine.gov/195/Annual-Comprehensive-Financial-Reports-A
3838
Maine
ME
Maine
State
2019
New Markets Capital Investment Tax Credit
Capital investment
36 M.R.S. §5219-HH
State of Maine
Personal Income Tax; Corporate Income Tax; Insurance Premiums Tax; Bank Franchise Tax
Tax Credit
The abatement amount may be recaptured upon 1) recapture of any amount of the related federal NMTC credits; 2) early repayment of any portion of the principle amount that forms the qualified equity investment, or 3) failure to reinvest less than 85% of the qualified equity investment into a qualified business.
$15,543,152
$0
$15,543,152
(none)
https://www.maine.gov/osc/financial-reporting/annual-comprehensive-financial-report
3839
Maine
ME
Maine
State
2019
Pine Tree Development Zone Tax Credit
Job Creation/Retention
36 M.R.S. §5219-W
State of Maine
Personal Income Tax; Corporate Income Tax; Insurance Premiums Tax; Bank Franchise Tax; Sales Tax
Tax Credit
(no provisions for recapture)
$3,349,953
$0
$3,349,953
(none)
https://www.maine.gov/osc/financial-reporting/annual-comprehensive-financial-report
3840
Maine
ME
Maine
State
2019
Employment Tax Increment Financing (TIF)
Job Creation/Retention
36 M.R.S. §6754
State of Maine
State Income Tax withholding from employee salary
Reimbursement
Any overpayment must be applied to reduce future reimbursement payments. Overpayments must be repaid if the business no longer qualifies for future payments.
$12,695,785
$0
$12,695,785
(none)
https://www.maine.gov/osc/financial-reporting/annual-comprehensive-financial-report
3841
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