Maine Revised Statutes > Title 30-A > Part 2 > Subpart 8 > Chapter 206 > Subchapter 2 – State Tax Increment Financing Districts
Current as of: 2023 | Check for updates
|
Other versions
| § 5241 | Definitions |
| § 5242 | State tax increment financing |
| § 5243 | Development program fund; state tax increment revenues |
| § 5244 | Previously designated districts |
Terms Used In Maine Revised Statutes > Title 30-A > Part 2 > Subpart 8 > Chapter 206 > Subchapter 2 - State Tax Increment Financing Districts
- Affiliated business: means 2 businesses exhibiting either of the following relationships:
A. See Maine Revised Statutes Title 30-A Sec. 5241Affiliated group: means a designated business and its corresponding affiliated businesses. See Maine Revised Statutes Title 30-A Sec. 5241 Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account. Base period: means the 3 calendar years preceding the calendar year in which an application for approval of a state tax increment financing district is submitted to the commissioner by a municipality. See Maine Revised Statutes Title 30-A Sec. 5241 Captured assessed value: means the amount, as a percentage or stated sum, of increased assessed value that is utilized from year to year to finance the project costs contained within the development program. See Maine Revised Statutes Title 30-A Sec. 5241 Cervid: means a member of the cervidae family and hybrids, including deer, elk, caribou, reindeer and related species, specified by the commissioner by rule with the written concurrence of the Commissioner of Inland Fisheries and Wildlife. See Maine Revised Statutes Title 7 Sec. 1333 Commercial large game shooting area: means an enclosed area in which large game are kept and a fee is charged to pursue and kill or pursue and attempt to kill large game. See Maine Revised Statutes Title 7 Sec. 1341 Commissioner: means the Commissioner of Economic and Community Development. See Maine Revised Statutes Title 30-A Sec. 5241 Committee: means the Revenue Forecasting Committee established in Title 5, section 1710?E. See Maine Revised Statutes Title 30-A Sec. 5241 Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant. Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name. Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime. Designated business: means a business located within the boundaries of a development district and designated by the municipality as a "designated business" for purposes of state tax increment financing. See Maine Revised Statutes Title 30-A Sec. 5241 Development district: means a specified area within the corporate limits of a municipality that has been designated as provided under section 5226 and that is to be developed by the municipality under a development program. See Maine Revised Statutes Title 30-A Sec. 5241 Development program: means a statement of means and objectives designed to provide new employment opportunities, retain existing employment, improve or broaden the tax base and improve the physical facilities and structures or the quality of pedestrian and vehicular transportation, as described in section 5224. See Maine Revised Statutes Title 30-A Sec. 5241 Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other. Financial plan: means a statement of the project costs and sources of revenue required to accomplish the development program. See Maine Revised Statutes Title 30-A Sec. 5241 Gross state tax increment: means the difference, if any, between the sales and income tax revenues attributable to the state tax increment financing district for the current period and the sales and income tax revenues attributable to the state tax increment financing district for the base period. See Maine Revised Statutes Title 30-A Sec. 5241 Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases. Large game: means domesticated cervids, domesticated boar and domesticated bison. See Maine Revised Statutes Title 7 Sec. 1341 Market area: means a geographic region exclusive of a state tax increment financing district that will be affected by the operation of the district. See Maine Revised Statutes Title 30-A Sec. 5241 Municipal officers: means :
A. See Maine Revised Statutes Title 30-A Sec. 2001Municipality: means a city or town, except as provided in chapter 225. See Maine Revised Statutes Title 30-A Sec. 2001 Person: means an individual, partnership, corporation or other legal entity. See Maine Revised Statutes Title 7 Sec. 1341 Person: means an individual, corporation, partnership, firm, organization or other legal entity. See Maine Revised Statutes Title 30-A Sec. 2001 Plaintiff: The person who files the complaint in a civil lawsuit. Project costs: means any expenditures or monetary obligations incurred or expected to be incurred that are authorized by section 5225, subsection 1 and included in a development program. See Maine Revised Statutes Title 30-A Sec. 5241 Sinking fund: means a fund created for the purpose of paying a debt. See Maine Revised Statutes Title 30-A Sec. 2001 State tax increment: means the net annual gain, if any, in sales tax paid as a result of taxable events occurring within a state tax increment financing district and the net annual gain, if any, in state income taxes withheld as a result of wages paid for labor performed within the district. See Maine Revised Statutes Title 30-A Sec. 5241 State tax increment financing district: means a type of tax increment financing district, or portion of a district, that uses state tax increment financing under section 5242. See Maine Revised Statutes Title 30-A Sec. 5241 Summons: Another word for subpoena used by the criminal justice system. Tax increment financing district: means a type of development district, or portion of a district, that uses tax increment financing under section 5227. See Maine Revised Statutes Title 30-A Sec. 5241 Writ: A formal written command, issued from the court, requiring the performance of a specific act. Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72