LD 449
pg. 1
LD 449 Title Page An Act To Make Changes to the Pine Tree Development Zones Page 2 of 5
Download Bill Text
LR 416
Item 1

 
Be it enacted by the People of the State of Maine as follows:

 
Sec. 1. 30-A MRSA §5250-I, sub-§§3 to 5, as enacted by PL 2003, c. 688,
Pt. D, §2, are amended to read:

 
3. Average employment during base period. "Average
employment during the base period" for a business means the total
number of qualified employees of that business on each of 6
consecutive measurement days in each of the 3 calendar years in
the base period as chosen by the business divided by 18 and its
affiliated businesses as of March 31st, June 30th, September 30th
and December 31st of the base period, divided by 12.

 
4. Base level of employment. "Base level of employment" means
the greater of either the total employment in the State of a
business and its affiliated businesses as of the March 31st, June
30th, September 30th and December 31st of the calendar year
immediately preceding its certification as a qualified the year
of the business's application to become a certified Pine Tree
Development Zone business divided by 4 or its average employment
during the base period.

 
5. Base period. "Base period" means the 3 calendar years
prior to the year in which a business is applies to be certified
as a qualified Pine Tree Development Zone business.

 
Sec. 2. 30-A MRSA §5250-I, sub-§14, ¶¶C and D, as enacted by PL 2003, c.
688, Pt. D, §2, are amended to read:

 
C. The sales tax exemptions under Title 36, section 1760,
subsections 86 and 87; and

 
D. The Pine Tree Development Zone tax credits provided by
Title 36, sections 2529 and 5219-W.;

 
Sec. 3. 30-A MRSA §5250-I, sub-§14, ¶¶E and F are enacted to read:

 
E.__Discounted rates approved by the Public Utilities
Commission, if applicable, and offered by transmission and
distribution utilities as authorized under Title 35-A,
section 3210-B, subsection 1; and

 
F.__Line extensions and conservation programs approved or
authorized by the Public Utilities Commission under Title
35-A, section 3210-B, subsections 2 and 3.

 
Sec. 4. 30-A MRSA §5250-I, sub-§17, as enacted by PL 2003, c. 688, Pt.
D, §2, is amended to read:


LD 449 Title Page Top of Page Page 2 of 5