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Showing posts with the label tax incentives

Very Significantly Different ! - The Public Benefit Corporation and the Benefit Corporation.

Tweet This #http://goo.gl/ovHME3 Over the years that I have been researching the Maine economic development policies that you find documented here in this blog, I have upon numerous occasions come across the state and the Governor justifying the polices on the basis that they are forced to implement them because other states are doing so. However my still limited investigation into the policies instituted in other states is not finding that to be so. It is true that all states that I have researched have economic development policies and tax incentives, but not all states have chartered state corporations that dole out tax credits to corporations. Incentives are most often in the form of tax exemptions rather than tax credits, the difference being that, as tax credits work in Maine, they are largely refundable tax credits and as impacted by other statutes and policies that have been implemented over the years, that translates as direct redistribution of wealth from the general taxp

Is This For Real? Is Maine Ready to Scale Back Targeted Sector Economics?

I have been busy lately with our ceramics business and with some new ideas for expanding the mission of this blog, however a very important change in our legislature's tax policies is now under consideration making this a moment when it is exceptionally important to  keep the conversation going ! I have not located the actual proposals yet, mysteriously, all the links in this Portland PressHerald article are non-functioning but here is the story from the Herald by Steve Mistler, of all people! Maine tax panel will release suggestions for savings Monday  The Legislature has attempted similar reviews in the past with little success. However, this time some believed that the self-inflicted budget gap would provide an incentive for lawmakers to push through recommendations that have been traditionally politically unpopular. Additionally, the budget provision is written in a way that would take the $40 million out of the state fund that provides municipal aid if the Leg