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)
