Maine Revised Statutes Title 5 Sec. 13080-S – Information to be provided to the assessor; approval of payment
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1. Certification by authority. The authority shall certify annually to the assessor by October 31st of each year, beginning in 2016, the following information:
A. Employment, payroll and state withholding data necessary to calculate the base level of employment; [PL 1995, c. 644, §2 (NEW); PL 1995, c. 644, §5 (AFF).]
B. The total number of employees added during the previous year within the base area above the base level of employment, including additional associated payroll and withholding data necessary to calculate the gross employment tax increment and establish the appropriate payment to the fund; [PL 1995, c. 644, §2 (NEW); PL 1995, c. 644, §5 (AFF).]
C. A listing of all employers within the base area that pay withholding taxes, the locations of those employers and the number of employees at each location; and [PL 1995, c. 644, §2 (NEW); PL 1995, c. 644, §5 (AFF).]
D. A listing of all affiliated businesses and affiliated groups, data regarding current employment, payroll and state income withholding taxes for each affiliated business within the base area. [PL 1995, c. 644, §2 (NEW); PL 1995, c. 644, §5 (AFF).]
[PL 2015, c. 486, §2 (AMD); PL 2015, c. 486, §5 (AFF).]
Terms Used In Maine Revised Statutes Title 5 Sec. 13080-S
- Affiliated business: means 2 businesses exhibiting either of the following relationships:
A. See Maine Revised Statutes Title 5 Sec. 13080-PAssessor: means the State Tax Assessor. See Maine Revised Statutes Title 5 Sec. 13080-P Authority: means the Loring Development Authority of Maine. See Maine Revised Statutes Title 5 Sec. 13080-P Base area: means the area within the geographic boundaries of Loring Air Force Base, as defined in section 13080?A. See Maine Revised Statutes Title 5 Sec. 13080-P Base level of employment: means the total employment in the base area as of July 1, 1996. See Maine Revised Statutes Title 5 Sec. 13080-P Employment tax increment: means that level of state income withholding taxes attributed to employees employed within the base area, adjusted pursuant to section 13080?R. See Maine Revised Statutes Title 5 Sec. 13080-P Fund: means the Loring Job Increment Financing Fund. See Maine Revised Statutes Title 5 Sec. 13080-P Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72
2. Approval of payment. Upon receipt of the information required by this section, the assessor shall review the information by December 1st immediately following receipt of the information and shall determine the amount of the employment tax increment. If the assessor determines that the requirements of this article are satisfied, the assessor shall approve payment to the fund.
[PL 2015, c. 486, §2 (AMD); PL 2015, c. 486, §5 (AFF).]
3. Deposit and payment of revenue. On or before July 15th of each year, the assessor shall deposit an amount equal to 50% of the employment tax increment for the preceding year into a contingent account established, maintained and administered by the State Controller. On or before July 31st of each year, the assessor shall pay that amount to the fund.
A. [RR 2019, c. 1, Pt. A, §9 (COR); MRSA T. 5 §13080-S, sub-§3, ¶A (RP).]
B. [PL 2021, c. 18, §1 (NEW); MRSA T. 5 §13080-S, sub-§3, ¶B (RP).]
[PL 2021, c. 18, §1 (AMD).]
4. Additional deposit and payment of revenue in December 2016. On or before December 15, 2016, the assessor shall deposit an amount equal to 50% of the employment tax increment for the preceding year into a contingent account established, maintained and administered by the State Controller. On or before December 31, 2016, the assessor shall pay that amount to the fund.
[PL 2015, c. 486, §4 (NEW); PL 2015, c. 486, §5 (AFF).]
Revisor’s Note: §13080-S. Travel Promotion Matching Fund Program as enacted by PL 1995, c. 560, Pt. B, §11 is REALLOCATED TO TITLE 5, SECTION 13090-G
SECTION HISTORY
RR 1995, c. 2, §11 (RAL). PL 1995, c. 560, §B11 (NEW). PL 1995, c. 644, §2 (NEW). PL 2009, c. 571, Pt. LL, §1 (AMD). PL 2015, c. 486, §§2-4 (AMD). PL 2015, c. 486, §5 (AFF). PL 2019, c. 356, §1 (AMD). RR 2019, c. 1, Pt. A, §9 (COR). PL 2021, c. 18, §1 (AMD).