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:
Employment Tax Increment Financing (TIF)
Program purpose
:
Job creation/retention

Statutory authority
:
36 M.R.S.A. ?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
:
$13,326,078

Reimbursement / offset
:
$0

Net revenue loss
:
$13,326,078

Type of loss
:
Active

Additional notes on dislosure:
(none)