*New* Important Information:
On 06/22/2009,
LD 1473 was recently passed by the Maine legislature and signed by the Governor. This legislation modified the existing Pine Tree Development Zone program from being limited by location to being open statewide. If you have questions about the modifications, please contact your local
Business Development Specialist.
Legislative Intent
The PTDZ initiative is intended to encourage and reward the creation of new qualified business activity statewide, especially in economically distressed areas of Maine.
• The tax benefits are tied to the qualified business activity of a qualified business, i.e. investments in property and payroll that would not have occurred but for the initiative and that constitute an overall gain to the business and the Maine economy.
• The initiative is not intended to provide tax benefits for simply shifting already existing business activity from one Maine location to another.
Documents
* Statute (Scroll to Subchapter 4; Text current through July 30, 2005)
* Rule (Eff. November 19, 2005)
• LD 1473 (PTDZ changes effective 9/12/2009)
Contact
Please contact your local
Business Development Specialist for more information.
