An Act To Encourage Renewable Energy Investment
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 30-A MRSA §5250-O, sub-§1 is enacted to read:
1. Renewable energy producers. Notwithstanding any other provision of this subchapter, the commissioner may certify a business that does not otherwise qualify as a qualified Pine Tree Development Zone business or that does not locate in a Pine Tree Development Zone as qualified to receive Pine Tree Development Zone benefits if the business:
A. Is engaged in the production of renewable energy onshore or offshore, or in the manufacture of component parts necessary for the production of renewable energy onshore or offshore; and
B. Demonstrates to the commissioner that the establishment or expansion of operations of the business would not occur within the State absent the availability of the Pine Tree Development Zone benefits.
The department shall adopt rules to implement this subsection, including, but not limited to, adopting rules to define "production of renewable energy" and "manufacture of component parts." Rules adopted pursuant to this subsection are routine technical rules as defined in Title 5, chapter 375, subchapter 2-A.
summary
This bill authorizes the State to provide the benefits of Pine Tree Development Zones to businesses producing renewable energy onshore or offshore or manufacturing component parts necessary for the production of renewable energy onshore or offshore.