| | | A. The exclusion from the limitations established under | | section 5223, subsection 3 of tax increment financing | | districts included within a Pine Tree Development Zone; |
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| | | A.B. Expanded employment tax increment financing benefits | | under Title 36, chapter 917; |
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| | | C. The sales tax exemptions under Title 36, section 1760, | | subsections 86 and 87; and |
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| | | D. The Pine Tree Development Zone tax credits provided by | | Title 36, sections 2529 and 5219-W. |
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| | | 15.__Production. "Production" has the same meaning as defined | | in Title 36, section 1752, subsection 9-B. |
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| | | 16.__Qualified business activity. "Qualified business | | activity" means a business activity that is conducted within a | | Pine Tree Development Zone and is directly related to financial | | services, manufacturing or a targeted technology business for | | which the business receives a certificate from the commissioner | | pursuant to section 5250-O. |
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| | | 17.__Qualified Pine Tree Development Zone business. "Qualified | | Pine Tree Development Zone business" or "qualified business" | | means any for-profit business in this State engaged in financial | | services, manufacturing or a targeted technology business that | | adds qualified Pine Tree Development Zone employees above its | | base level of employment in this State and that meets the | | following criteria: |
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| | | A.__It demonstrates that the establishment or expansion of | | operations within the Pine Tree Development Zone would not | | occur within the State absent the availability of the Pine | | Tree Development Zone benefits.__The department shall | | investigate whether the business has met the requirements of | | this paragraph and provide an advisory opinion to the | | Executive Director of the Bureau of Revenue Services in the | | Department of Administrative and Financial Services, who | | shall make the final determination; and |
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| | | B. It has received a certificate as a qualified business | | pursuant to section 5250-O. |
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| | | 18.__Qualified Pine Tree Development Zone employees.__ | | "Qualified Pine Tree Development Zone employees" means new, full- | | time employees hired in this State by a qualified Pine Tree | | Development Zone business for work directly in one or more | | qualified business activities for whom a retirement program | | subject to the Employee Retirement Income Security Act of 1974, |
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