| | | directly in the qualified business activity of a qualified | | Pine Tree Development Zone business, as defined in Title 30- | | A, section 5246, subsection 17, for whom a certificate of | | qualification has been issued in accordance with Title 30-A, | | section 5250-B, the reimbursement under this subsection is | | equal to 80% of the withholding taxes withheld each year for | | which reimbursement is requested and attributed to those | | qualified employees for a period of no more than 10 years.__ | | In no event may reimbursement under this subsection be paid | | for years beginning after December 31, 2018. |
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| | | Sec. NNN-7. Administrative costs to be absorbed. The Department of | | Administrative and Financial Services, Bureau of Revenue Services | | shall absorb within existing resources any administrative costs | | involved in the implementation of this Part. |
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| | | Sec. NNN-8. Application. That section of this Part that enacts the | | Maine Revised Statutes, Title 36, section 2529 applies to | | calendar years beginning on or after January 1, 2004. That | | section of this Part that enacts Title 36, section 5219-W applies | | to tax years beginning on or after January 1, 2004. That section | | of this Part that enacts Title 36, section 6754, subsection 1, | | paragraph D applies to withholding taxes withheld by a qualified | | Pine Tree Development Zone business on or after January 1, 2004. |
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| | | Emergency clause. In view of the emergency cited in the preamble, | | this Act takes effect when approved, except as otherwise indicated. |
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