LD 1385
pg. 6
Page 5 of 10 An Act To Establish the Pine Tree Development Zones Program Page 7 of 10
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LR 2032
Item 1

 
property that is not also included within the Aroostook
County Empowerment Zone as designated by the federal
Community Renewal Tax Relief Act of 2000, Public Law 106-
554;

 
B.__With the exception of tax increment financing, Pine
Tree Development Zone benefits may be provided to
qualified businesses for a period not to exceed 10 years;

 
C.__Pine Tree Development Zone benefits may not be used to
encourage or facilitate the transfer of existing positions
or property of a qualified Pine Tree Development Zone
business or any affiliated businesses;

 
D.__Pine Tree Development Zone benefits may not be
provided based upon any employees or positions transferred
by the qualified Pine Tree Development Zone business, or
an affiliated business into a Pine Tree Development Zone
from a location elsewhere in the State;

 
E.__A Pine Tree Development Zone may not consist of more
than 10 noncontiguous parcels of property; and

 
F.__All property included within the boundaries of a Pine
Tree Development Zone must be suitable for commercial use.

 
4.__Application.__An application for designation of a Pine
Tree Development Zone must include, but is not necessarily
limited to, the following:

 
A.__A narrative description of the Pine Tree Development
Zone to be designated;

 
B.__Maps and any other information necessary to clearly
identify the geographic boundaries of the Pine Tree
Development Zone and any subzones it may include;

 
C.__Evidence that the Pine Tree Development Zone meets the
requirements of subsection 3;

 
D.__Any information evidencing economic distress; and

 
E.__A development plan that includes:

 
(1) Documentation of all municipal requirements
required under subsection 2;

 
(2) A description of how the Pine Tree Development
Zone will be administered, including any related
interlocal cooperative agreements;


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