LD 737
pg. 3
Page 2 of 3 An Act To Ensure the Success of Pine Tree Development Zones LD 737 Title Page
Download Bill Text
LR 1431
Item 1

 
SUMMARY

 
This bill extends the Pine Tree Development Zone to include as
a qualified business an existing business that makes a
significant capital investment, such as modernizing a
manufacturing process, that provides job retention at the
facility. It requires those businesses to meet criteria that
parallel the criteria for new job creation.

 
The bill also provides that any effect that a qualified
business has on waters of the State is considered a qualified
business activity.


Page 2 of 3 Top of Page LD 737 Title Page