LD 449
pg. 5
Page 4 of 5 An Act To Make Changes to the Pine Tree Development Zones LD 449 Title Page
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LR 416
Item 1

 
1. Clarifying the base period prior to a business applying
for Pine Tree Development Zone status;

 
2. Adding the utility benefits enacted by Public Law 2003,
chapter 610;

 
3. Removing the authority of the Department of Administrative
and Financial Services, Bureau of Revenue Services to review a
business certification statement;

 
4. Clarifying the type of land included in the 5,000-acre
cap;

 
5. Allowing the Department of Economic and Community
Development to add acreage to a zone in order to meet specific
project needs;

 
6. Removing the limit on the number of parcels allowed within
a zone;

 
7. Simplifying the amendment process for a zone; and

 
8. Setting criteria for the department to determine when to
add acreage to a Pine Tree Development Zone.


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