| Be it enacted by the People of the State of Maine as follows: |
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| | Sec. 1. 36 MRSA §6753, sub-§10, as amended by PL 1997, c. 766, §1, is | further amended to read: |
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| | 10. Labor market unemployment rate. "Labor market | unemployment rate" means the average seasonally adjusted | unemployment rate as published by the Department of Labor for the | labor market or markets in which potential qualified employees | are located and in which reimbursement is claimed under this | chapter for the 3 12 most recently reported months preceding | the date of application for employment tax increment financing | and for the 3 12 most recently reported months preceding the | beginning of the 6th year of an approved employment tax increment | financing development program. |
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| | Sec. 2. 36 MRSA §6753, sub-§12, as amended by PL 1997, c. 766, §2, is | further amended to read: |
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| | 12. Qualified employees. "Qualified employees" means new, | full-time employees hired in this State by a qualified business | and for whom a retirement program subject to the Employee | Retirement Income Security Act of 1974, 29 United States Code, | Sections 101 to 1461, as amended, and group health insurance are | provided, and whose income derived from employment with the | applicant, calculated on a calendar year basis is greater than | the average annual per capita income in the labor market area | county in which the qualified employee is employed and whose | state income withholding taxes are subject to reimbursement to | the qualified business under this chapter. "Qualified employees" | must be residents of this State. |
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| | Sec. 3. 36 MRSA §6753, sub-§13, as enacted by PL 1995, c. 669, §5, is | amended to read: |
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| | 13. State unemployment rate. "State unemployment rate" means | the average unemployment rate as published by the Department of | Labor for the State as a whole, for the calendar year for which | reimbursement is claimed 12 most recently reported months | preceding the date of application for employment tax increment | financing and for the 12 most recently reported months preceding | the beginning of the 6th year of an approved employment tax | increment financing development program. |
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| | Sec. 4. 36 MRSA §6754, sub-§2, ¶B, as enacted by PL 1995, c. 669, §5, | is amended to read: |
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| B. Reimbursement to a qualified business approved pursuant | to this chapter expires 10 years after the date on which | benefits commenced under the employment tax increment | financing development program was approved. |
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