Maine § 36 §5219-QQ Credit for major business headquarters expansions

Maine Statutes

§ 36 §5219-QQ — Credit for major business headquarters expansions

Maine·Title 36 TAXATION·Part 8 INCOME TAXES·Ch. 822 TAX CREDITS

1.Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings.

2.Procedures for application; certificate of approval. The provisions of this subsection govern the procedures for providing for and obtaining a certificate of approval.

3.Refundable credit allowed. A certified applicant who has received a certificate of completion is allowed a credit as provided in this subsection.

4.Reporting required. A certified applicant, the commissioner and the State Tax Assessor are required to make reports pursuant to this subsection.

5.Evaluation; specific public policy objective; performance measures. The credit provided under this section is subject to ongoing legislative review in accordance with Title 3, chapter 37. In developi

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1.
Definitions.
As used in this section, unless the context otherwise indicates, the following terms have the following meanings.
2.
Procedures for application; certificate of approval.
The provisions of this subsection govern the procedures for providing for and obtaining a certificate of approval.
3.
Refundable credit allowed.
A certified applicant who has received a certificate of completion is allowed a credit as provided in this subsection.
4.
Reporting required.
A certified applicant, the commissioner and the State Tax Assessor are required to make reports pursuant to this subsection.
5.
Evaluation; specific public policy objective; performance measures.
The credit provided under this section is subject to ongoing legislative review in accordance with Title 3, chapter 37. In developing evaluation parameters to perform the review, the Office of Program Evaluation and Government Accountability, the joint legislative committee established to oversee program evaluation and government accountability matters and the joint standing committee of the Legislature having jurisdiction over taxation matters shall consider:
6.
(REALLOCATED FROM T. 36, §5219-QQ, sub-§5 ) Rules.
The commissioner and the State Tax Assessor may adopt routine technical rules pursuant to Title 5, chapter 375, subchapter 2‑A for implementation of the credit under this section, including, but not limited to, rules for determining and certifying eligibility. The commissioner may also by rule establish fees for obligations under this section. Any fees collected pursuant to this section must be deposited into a special revenue account administered by the commissioner, and those fees may be used only to defray the actual costs of administering the credit under this section.

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Legislative History

RR 2017, c. 1, §33 (COR). PL 2017, c. 297, §2 (NEW). PL 2017, c. 375, Pt. D, §§3-5 (AMD). PL 2017, c. 405, §1 (AMD). PL 2019, c. 401, Pt. D, §§1-4 (AMD). PL 2023, c. 157, §§1-3 (AMD). PL 2023, c. 157, §4 (AFF).