|
|
|
|
|
|
|
|
127th MAINE LEGISLATURE |
|
|
LD 767 |
|
LR 1201(02) |
|
|
|
An Act To Create
Jobs in Aroostook and Washington Counties |
|
Fiscal Note for
Bill as Amended by Committee Amendment " " |
|
Committee: Labor, Commerce, Research and
Economic Development |
|
Fiscal Note Required: Yes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal Note |
|
|
|
|
|
|
|
Potential current biennium revenue decrease - General Fund
Potential current biennium revenue decrease - Local Government Fund |
|
|
|
|
|
|
|
Fiscal Detail
and Notes |
|
|
|
|
|
|
This legislation
provides an exception to the Pine Tree Development Zone program for call
centers located in Aroostook or Washington counties. If such a call center were to become
certified under the program, it would receive the 80% employee tax increment
financing, income tax credit, the sales tax exemption for personal property
and the sales tax reimbursement for real property allowed under the
program. The potential revenue
reduction to the State would depend on the specifics of any call centers that
qualify for the program and no estimate is made at this time. |
|
Additional costs
to the Department of Economic and Community Development associated with
making the required certifications can be absorbed within existing budgeted
resources. |
|
|
|
|
|
|
|