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)