Tax Break Tracker Individual Entry
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
Reporting Jurisdiction:
Maine
Jurisdiction type
:
State

Fiscal year ending In:
2018
Program name:
Pine Tree Development Zone Tax Credit
Program purpose
:
Business incentive

Statutory authority
:
36 M.R.S.A. ?5219-W

Abating jurisdiction(s)
:
State of Maine

Applicable taxes:
Personal Income Tax; Corporate Income Tax; Insurance Premium Tax; Bank Franchise Tax; Sales Tax
Method of abatement
:
Tax credit

Provisions for recapture
:
(no provisions for recapture)

Gross revenue loss
:
$2,783,415

Reimbursement / offset
:
$0

Net revenue loss
:
$2,783,415

Type of loss
:
Active

Additional notes on dislosure:
(none)