‘An Act To Provide Greater Access to Capital for Certain Businesses through Assignment of Benefits under the Business Equipment Tax Reimbursement Program and the Maine Employment Tax Increment Financing Program’
| SP0111 LD 278 |
Session - 126th Maine Legislature C "A", Filing Number S-21, Sponsored by
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LR 491 Item 2 |
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| Bill Tracking, Additional Documents | Chamber Status | ||
Amend the bill by striking out the title and substituting the following:
‘An Act To Provide Greater Access to Capital for Certain Businesses through Assignment of Benefits under the Business Equipment Tax Reimbursement Program and the Maine Employment Tax Increment Financing Program’
Amend the bill by striking out everything after the enacting clause and before the summary and inserting the following:
‘Sec. 1. 36 MRSA §191, sub-§2, ¶AA, as amended by PL 2003, c. 668, §9 and affected by §12, is further amended to read:
Sec. 2. 36 MRSA §6656, sub-§3 is enacted to read:
Sec. 3. 36 MRSA §6758, sub-§4 is enacted to read:
summary
This amendment allows the assignment of certain claims for payment under the Business Equipment Tax Reimbursement program and Employment Tax Increment Financing Program to the Finance Authority of Maine in order to secure loans from the Finance Authority of Maine. It also permits the State Tax Assessor to make payments directly to the Finance Authority of Maine in such circumstances and to disclose otherwise protected taxpayer information to the Finance Authority of Maine necessary for the administration of the assignment and payment of the claims.