Reduce Errors in Employment Tax Increment Financing Benefits
| Category: | Taxation |
|---|---|
| Status: | Passed |
| Sponsor: | Representative Amy Arata, House 65 |
| Session: | 130 |
| Bill #: | LD 1156 |
Position:
Monitoring.
Summary:
Representative Arata of New Gloucester improves the employment tax increment financing program for calendar years beginning with 2022 by basing benefits on the gross wages of qualified employees rather than on income tax withholding for those employees.