An Act To Protect Economic Competitiveness in Maine by Extending the End Date for Pine Tree Development Zone Benefits
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 30-A MRSA §5250-J, sub-§5, as repealed and replaced by PL 2009, c. 461, §22, is amended to read:
Sec. 2. 35-A MRSA §3210-E, sub-§6, as enacted by PL 2009, c. 627, §5 and affected by §12, is amended to read:
Sec. 3. 36 MRSA §1760, sub-§87, as amended by PL 2011, c. 285, §5, is further amended to read:
Sec. 4. 36 MRSA §2016, sub-§4, ¶A, as amended by PL 2009, c. 627, §7 and affected by §12, is further amended to read:
A. Reimbursements made by the assessor pursuant to this section are limited to taxes paid in connection with sales of tangible personal property that occur within a period of 10 years in the case of a qualified Pine Tree Development Zone business located in a tier 1 location, as defined in Title 30-A, section 5250-I, subsection 21-A, and 5 years in the case of a qualified Pine Tree Development Zone business located in a tier 2 location, as defined in Title 30-A, section 5250-I, subsection 21-B, from the date the qualified Pine Tree Development Zone business receiving the property is certified pursuant to Title 30-A, section 5250-O or by December 31, 2028 2033, whichever occurs first.
Sec. 5. 36 MRSA §2529, sub-§3, as amended by PL 2009, c. 627, §9, is further amended to read:
Sec. 6. 36 MRSA §5219-W, sub-§4, as amended by PL 2009, c. 627, §11, is further amended to read:
Sec. 7. 36 MRSA §6754, sub-§1, ¶D, as amended by PL 2011, c. 240, §44, is further amended to read:
D. For qualified Pine Tree Development Zone employees, as defined in Title 30-A, section 5250-I, subsection 18, employed directly in the qualified business activity of a qualified Pine Tree Development Zone business, as defined in Title 30-A, section 5250-I, subsection 17, for whom a certificate of qualification has been issued in accordance with Title 30-A, section 5250-O, the reimbursement under this subsection is equal to 80% of Maine income tax withheld each year for which reimbursement is requested and attributed to those qualified employees for a period of no more than 10 years for a tier 1 location as defined in Title 30-A, section 5250-I, subsection 21-A and no more than 5 years for a tier 2 location as defined in Title 30-A, section 5250-I, subsection 21-B. Reimbursement under this paragraph may not be paid for years beginning after December 31, 2028 2033.
SUMMARY
This bill extends by 5 years the end date for Pine Tree Development Zone certification and benefits.