Maine 2023-2024 Regular Session

Maine Senate Bill LD150

Introduced
1/17/23  
Refer
1/17/23  
Engrossed
6/6/23  
Enrolled
6/7/23  

Caption

An Act to Allow Incentive Continuity Following a Catastrophic Occurrence Under the Pine Tree Development Zone and Major Food Processing and Manufacturing Facility Expansion Tax Credit Programs

Companion Bills

No companion bills found.

Previously Filed As

ME LD1951

An Act to Promote Food Processing and Manufacturing Facility Expansion and Create Jobs

ME LD1918

An Act to Modernize Maine's Business Incentive Programs by Creating the Dirigo Business Incentives Program and Eliminating Certain Other Tax Incentive Programs

ME LD68

An Act to Amend the State Tax Laws

ME LD1281

An Act to Protect Economic Competitiveness in Maine by Extending the End Date for Pine Tree Development Zone Benefits

ME LD1313

An Act to Amend the Tax Credit for Major Business Headquarters Expansions Regarding Employees' Location and Time of Hire for Purposes of the Credit

ME HB447

Medical Manufacturing, Economic Development, and Sustainability Act of 2023 or the MMEDS Act of 2023 This bill provides incentives for relocating medical manufacturing facilities in the United States and for manufacturing medical products (i.e., drugs and devices) in economically distressed zones. Specifically, the bill allows a income tax credit for 40% of the sum of wages paid in a medical manufacturing economically distressed zone, employee fringe benefit expenses, and depreciation and amortization allowances with respect to qualified medical manufacturing facility property, and a credit for economically distressed zone products and services acquired by domestic medical manufacturers. The bill increases the credit rate for minority businesses.

ME S4407

Establishes Next New Jersey Manufacturing Program to incentivize in-State manufacturing investments and job creation.

ME A5687

Establishes Next New Jersey Manufacturing Program to incentivize in-State manufacturing investments and job creation.

ME SB609

Taxation; Local Development Act; project plans; incentives; exemptions; manufacturing ad valorem exemption; modifying definition of manufacturing facilities; removing exceptions for failure to meet certain payroll requirements. Effective date.

ME S414

Agricultural Manufacturing Tax Incentive

Similar Bills

LA HB382

Authorizes establishment of tax-advantaged catastrophe savings accounts to cover losses from damage to taxpayers' primary residences and commercial property (OR DECREASE GF RV See Note)

LA HB521

Provides for catastrophe response plans

CA AB1522

The Catastrophic Wildfire Insurance Act.

LA HB126

Authorizes individual income tax deductions for contributions to catastrophe savings accounts (OR DECREASE GF RV See Note)

CA AB232

Natural disasters: catastrophe savings accounts: personal income tax.

PA HB2192

Providing for business catastrophe savings accounts.

AL HB106

Relating to Catastrophe Savings Accounts; expands allowable expenses

AL SB73

Relating to Catastrophe Savings Accounts; expands allowable expenses