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)