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INCENTIVE DESCRIPTION
| State: | ME |
| Incentive Type: | Income/Franchise Tax Incentives and Credits |
| Incentive Title: | Other Tax Credits |
| Description: | EMPLOYMENT TAX INCREMENT FINANCING (ETIF): Reimbursement of between 30% - 75% of the state income tax withholdings paid for new jobs for up to ten years. In Pine Tree Development Zones, companies in the manufacturing, financial services or targeted technology sectors are eligible for an enhanced reimbursement of 80%. |
| Eligibility Requirements: | Must be a for-profit (non-retail) business other than a public utility that is able to demonstrate that its expansion project will not go forward without ETIF. Cannot be used concurrently with the Jobs & Investment Tax Credit. |
| Geographic Restrictions: | Statewide |
| Granting Authority: | Dept. of Economic and Community Development |
| The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com |
Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives. |
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