Maine State Library Digital Maine Revenue Services (Taxes) Documents Administrative and Financial Services 10-3-2016 2016 Economic Development Incentives Report Maine Revenue Services Maine Department of Administrative and Financial Services Follow this and additional works at: https://digitalmaine.com/mrs_docs Recommended Citation Maine Revenue Services and Maine Department of Administrative and Financial Services, "2016 Economic Development Incentives Report" (2016). Revenue Services (Taxes) Documents. 8. https://digitalmaine.com/mrs_docs/8 This Text is brought to you for free and open access by the Administrative and Financial Services at Digital Maine. It has been accepted for inclusion in Revenue Services (Taxes) Documents by an authorized administrator of Digital Maine. For more information, please contact
[email protected]. ADMINISTRATIVE & FINANCIAL SERVICES STATE OF MAINE RICHARD W. ROSEN OFFICE OF TAX POLICY COMMISSIONER MAINE REVENUE SERVICES 24 STATE HOUSE STATION MAINE REVENUE SERVICES AUGUSTA, MAINE OFFICE OF TAX POLICY 04333-0024 MICHAEL J. ALLEN PAUL R. LEPAGE ASSOCIATE COMMISSIONER GOVERNOR October 3, 2016 Senate President Thibodeau Speaker of the House Eves Members of the 127th Maine Legislature: Pursuant to 5 M.R.S.A. §13070-J, Maine Revenue Services is required to submit a report to the Legislature identifying the revenue foregone as the result of the Jobs and Investment Tax Credit (“JITC”), the Research Expense Tax Credit (“R&D”), the Seed Capital Investment Tax Credit, the Shipbuilding Facility Credit, the Credit for Maine Fishery Infrastructure Investment, and public funds spent on the Business Equipment Tax Reimbursement (“BETR”) program. Attached are four reports that provide you with this information. The first attachment shows the number of individual and corporate JITC, R&D, and Seed Capital credits for tax year 2014, as well as the value of those credits.