Sec. 1. 5 MRSA §13070-J, sub-§1, ¶D, as corrected by RR 2001, c. 2, Pt. A, §11, is amended to read:

D. "Economic development incentive" means:

(1) Assistance from Maine Quality Centers under Title 20-A, chapter 431-A;

(2) The Governor's Training Initiative Program under Title 26, chapter 25, subchapter 4;

(3) Municipal tax increment financing under Title 30-A, chapter 206;

(4) The jobs and investment tax credit under Title 36, section 5215;

(5) The research expense tax credit under Title 36, section 5219-K;

(6) Reimbursement for taxes paid on certain business property under Title 36, chapter 915 916;

(7) Employment tax increment financing under Title 36, chapter 917;

(8) The shipbuilding facility credit under Title 36, chapter 919; or

(9) The credit for seed capital investment under Title 36, section 5216-B.

Sec. 2. 36 MRSA §661, sub-§6 is enacted to read:

6.__Local option reimbursement program reduction.__If a municipality adopts a local option business equipment tax reimbursement program pursuant to chapter 916, the amount of the reimbursement provided under that program is not eligible for reimbursement pursuant to this section.

Sec. 3. 36 MRSA §5219-E, sub-§1, ¶B, as amended by PL 1997, c. 24, Pt. C, §11, is further amended to read:

B. "Investment credit base" means the total original basis, without adjustment, for federal income tax purposes, of the taxpayer of all machinery and equipment placed in service for the first time in this State by the taxpayer or other person during any of the prior 5 taxable years, except in