A.__The minimum hourly wage set forth in Title 26, section 664; and

B.__The minimum hourly wage that is calculated pursuant to section 13070-P, subsection 2, paragraph B.

Sec. 5. 5 MRSA §13070-P is enacted to read:

§13070-P.__Compliance with livable wages for subsidized employers

1.__Definitions.__As used in this section, unless the context otherwise indicates, the following terms have the following meanings.

A.__"Average monthly salary" means the fair market rent divided by .3 for the fair market rent area in which the employer is located.

B.__"Average weekly salary" means the average monthly salary divided by 4.3.

C.__"Fair market rent" means the fair market rent as determined by the United States Department of Housing and Urban Development for a one-bedroom apartment.

D.__"Fair market rent area" means the metropolitan area or nonmetropolitan county, as determined by the United States Department of Housing and Urban Development, in which a fair market rent applies.

E.__"Taxpayer incentive payment" means any grant payment or tax credit, reimbursement or forgiveness made pursuant to:

(1)__The business equipment tax reimbursement under Title 36, chapter 915;

(2)__The Maine Employment Tax Increment Financing Act;

(3)__The jobs and investment tax credit under Title 36, section 5215;

(4)__The research expense tax credit under Title 36, section 5219-K; or

(5)__The shipbuilding facility credit under Title 36, chapter 919.