Sec. 1. 30-A MRSA §5223, sub-§3, as amended by PL 2003, c. 451, Pt. NNN, §1, is further amended by amending the last paragraph to read:

The conditions in paragraphs A to D do not apply to approved downtown tax increment financing districts or tax increment financing districts included within the Pine Tree Development Zones designated and approved Zone under subchapter 3 4.

Sec. 2. 30-A MRSA §5250-I, sub-§2, as enacted by PL 2003, c. 688, Pt. D, §2, is repealed.

Sec. 3. 30-A MRSA §5250-I, sub-§13, as enacted by PL 2003, c. 688, Pt. D, §2, is repealed and the following enacted in its place:

13.__Pine Tree Development Zone. "Pine Tree Development Zone" or "zone" means the area in which zone benefits may be granted, which encompasses the entire State of Maine.

Sec. 4. 30-A MRSA §5250-I, sub-§14, ķA, as enacted by PL 2003, c. 688, Pt. D, §2, is amended to read:

A. The exclusion from the limitations established under section 5223, subsection 3 of tax increment financing districts included within a the Pine Tree Development Zone;

Sec. 5. 30-A MRSA §5250-I, sub-§16, as enacted by PL 2003, c. 688, Pt. D, §2, is amended to read:

16. Qualified business activity. "Qualified business activity" means a business activity that is conducted within a the 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.

Sec. 6. 30-A MRSA §5250-J, sub-§§1 to 4, as enacted by PL 2003, c. 688, Pt. D, §2, are repealed.

Sec. 7. 30-A MRSA §5250-J, sub-§5, as enacted by PL 2003, c. 688, Pt. D, §2, is amended to read:

5. Termination. All Pine Tree Development Zone designations approved under this subchapter and all Pine Tree Development Zone benefits are terminated on December 31, 2018.