Maine § 36 §6756 Criteria for approval

Maine Statutes

§ 36 §6756 — Criteria for approval

Maine § 36 §6756

Title 36TAXATION

Part 9TAXPAYER BENEFIT PROGRAMS

Ch. 917EMPLOYMENT TAX INCREMENT FINANCING

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Bluebook

Me. Rev. Stat. tit. 36, § 36 §6756 (2026).

Text

Prior to issuing a certificate of approval for an employment tax increment financing program, the commissioner must find that:

1.Approval needed. The economic development described in the program will not go forward without the approval;

2.Contribution to State. The program will make a contribution to the economic well-being of the State; and

3.No substantial harm to existing businesses. The economic development described in the program will not result in a substantial detriment to existing businesses in the State. In order to make this determination, the commissioner shall consider, pursuant to Title 5, chapter 375, subchapter II, those factors the commissioner determines necessary to measure and evaluate the effect of the proposed program on existing businesses, including whether any

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Prior to issuing a certificate of approval for an employment tax increment financing program, the commissioner must find that:
1.
Approval needed.
The economic development described in the program will not go forward without the approval;
2.
Contribution to State.
The program will make a contribution to the economic well-being of the State; and
3.
No substantial harm to existing businesses.
The economic development described in the program will not result in a substantial detriment to existing businesses in the State. In order to make this determination, the commissioner shall consider, pursuant to Title 5, chapter 375, subchapter II, those factors the commissioner determines necessary to measure and evaluate the effect of the proposed program on existing businesses, including whether any adverse economic effect of the proposed program on existing businesses is outweighed by the contribution described in subsection 2.