Modify the Tax Increment Financing Laws

Last updated: Jun 12, 2017

Details about this bill
Category: Taxation
Status: Defeated
Sponsor: Senator Tom Saviello, Senate 18 - Oxford County
Session: 128
Bill #: LD 1071

Position:

Monitoring.

Summary:

This bill amends the development district law by capping project costs for services and equipment to provide skills development and training at 20% of total project costs and by requiring funding priority to be given to services, equipment and training for jobs created or retained in the municipality, plantation or unorganized territory.