An Act To Make Changes to the Laws Regarding Pine Tree Development Zones
Sec. 1. 30-A MRSA §5250-J, sub-§3, ¶H, as enacted by PL 2003, c. 688, Pt. D, §2, is repealed and the following enacted in its place:
H. The restrictions contained in paragraph G may be waived for:
(1) Property that is contained within a labor market area that has sustained a greater than 5% loss of population or employed workers during the 3-year period immediately preceding the time of application if the loss was caused by business closings; or
(2) Property that is contained within an industrial site with appropriate infrastructure and zoning or other land use regulations in place that has sustained a minimum loss of 500 employed workers during the 5-year period immediately preceding the time of application.
SUMMARY
This bill allows the designation of a Pine Tree Development Zone on any industrial site that has sustained a minimum loss of 500 workers during the prior 5 years.