LD 1916
pg. 34
Page 33 of 49 PUBLIC Law Chapter 688 Page 35 of 49
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LR 2678
Item 1

 
occur within the State absent the availability of the Pine
Tree Development Zone benefits.__The department shall
investigate whether the business has met the requirements of
this paragraph and provide an advisory opinion to the
Executive Director of the Bureau of Revenue Services in the
Department of Administrative and Financial Services, who shall
make the final determination; and

 
B. It has received a certificate as a qualified business
pursuant to section 5250-O.

 
18.__Qualified Pine Tree Development Zone employees.__
"Qualified Pine Tree Development Zone employees" means new, full-
time employees hired in this State by a qualified Pine Tree
Development Zone business for work directly in one or more
qualified business activities for whom a retirement program
subject to the Employee Retirement Income Security Act of 1974,
29 United States Code, Sections 101 to 1461 (2003) and group
health insurance are provided and whose wages derived from
employment within the Pine Tree Development Zone are greater than
the average annual per capita wages in the local labor market
area in the county in which the qualified employee is employed.__
Qualified Pine Tree Development Zone employees must be residents
of this State.

 
19.__State average weekly wage.__"State average weekly wage"
means the average weekly wage as published by the Department of
Labor for the State as a whole for the 12 most recently reported
months preceding the date of application for zone designation.

 
20.__State unemployment rate.__"State unemployment rate" means
the average unemployment rate published by the Department of
Labor for the State as a whole for the 12 most recently reported
months preceding the date of application for zone designation.

 
21.__Targeted technology business.__"Targeted technology
business" means a business primarily involved in a targeted
technology as defined in Title 5, section 15301.

 
22.__Unit of local government.__"Unit of local government"
means a municipality, county, plantation, unorganized territory
or Indian tribe.

 
§5250-J.__Pine Tree Development Zones

 
1.__Creation.__One or more units of local government, or an
organization representing one or more units of local government,
may apply to the commissioner for the designation of a Pine Tree
Development Zone within the boundaries of the unit or units of


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