Information on rulemaking for the new Dirigo Business Incentives Program
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- Tax Incentives
- Tax Credits and Exemptions
Tax Incentives
Dirigo Business Incentives
fb88 state tax credits for capital investments and working training investments in certain business sectors.
Opportunity Zones
Reduce capital gains taxes on your investments in specific underserved communities in fb88 through this federal tax incentive program.
Municipal Tax Increment Financing (MTIF)
Leverage new property taxes generated by a specific development to finance public or private projects. Municipalities create MTIF districts, often in partnership with businesses.
Pine Tree Development Zone (PTDZ)/Employment Tax Increment Financing (ETIF)
The Pine Tree Development Zone (PTDZ) and Employment Tax Increment Financing (ETIF) programs closed for new applications on December 31m 2024.
Tax Credits and Exemptions
Business Equipment Tax Relief Programs
Receive up to a 100% tax exemption from personal property taxes on your eligible business equipment.
Additional Tax Credits and Sales Tax Exemptions
Tax credits are available for R&D expenses and the production of renewable chemicals and biofuels. fb88 state sales tax exemptions are available for manufacturing, R&D, custom computer programming, fuel & electricity, commercial agricultural and aquacultural production, and biotechnology. Renewable energy equipment is exempt from local property tax.
Income tax credit for your investment in a fb88 business as an individual or venture capital fund.
Education Opportunity Tax Credit (Opportunity fb88)
Reimburses student loan payments for college graduates who live and work in fb88. The tax credit is also available to businesses that make student loan payments for their employees.
Credit against your income or Social Security tax for hiring members of a specified target group at your business.
State tax credit for your equity investment in a Community Development Entity.
State Historic Rehabilitation Tax Credit
State tax credit for your rehabilitation of a historic structure, tied to the federal Historic Rehabilitation Credit.