Maine
ME
City of Auburn
Municipality
2018
Credit Enhancement Agreements (TIF)
General Economic Development
(not specified)
Auburn, Maine
Property Tax
Tax Increment Financing (TIF)
(not specified)
$1,130,735
$0
$1,130,735
(none)
https://www.auburnmaine.gov/Pages/Government/Financial-Reports-
3830
Maine
ME
City of Lewiston
Municipality
2018
Credit Enhancement Agreements (TIF)
General Economic Development
(not specified)
Lewiston, Maine
(not specified)
(not specified)
(not specified)
$1,748,911
$0
$1,748,911
(none)
3831
Maine
ME
City of Portland
Municipality
2018
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)
$2,727,755
$0
$2,727,755
(none)
https://www.portlandmaine.gov/195/Annual-Comprehensive-Financial-Reports-A
3832
Maine
ME
Maine
State
2018
Pine Tree Development Zone Tax Credit
Business attraction/retention/expansion
36 M.R.S.A. §5219-W
State of Maine
Personal Income Tax; Corporate Income Tax; Insurance Premium Tax; Bank Franchise Tax; Sales Tax
Tax Credit
(no provisions for recapture)
$2,783,415
$0
$2,783,415
(none)
https://www.maine.gov/osc/financial-reporting/annual-comprehensive-financial-report
3833
Maine
ME
Maine
State
2018
New Markets Capital Investment Tax Credit
Business attraction/retention/expansion
36 M.R.S.A. §5219-HH
State of Maine
Personal Income Tax; Corporate Income Tax; Insurance Premium 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.
$15,443,152
$0
$15,443,152
(none)
https://www.maine.gov/osc/financial-reporting/annual-comprehensive-financial-report
3834
Maine
ME
Maine
State
2018
Employment Tax Increment Financing (TIF)
Job Creation/Retention
36 M.R.S.A. §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.
$13,326,078
$0
$13,326,078
(none)
https://www.maine.gov/osc/financial-reporting/annual-comprehensive-financial-report
3835
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