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THE EXPANDED AND IMPROVED SEED CAPITAL TAX CREDIT WAS HUGELY POPULAR IN THE MAINE LEGISLATURE PASSING WITH A UNANIMOUS VOTE- AT LEAST IN THE SENATE - EXACT ROLL CALL IN HOUSE NOT KNOWN.This is one of the mini-timelines of incremental ism which I created for A Maine Citizen's Journey Through the Statutes of Transformation ( created in hopes of generating a cash flow in support of my independent research- you can receive the full timeline by sending a contribution to this blog to mackenzie @andersenstudio.com via Paypal)
1987 §5216-B. Seed capital investment tax credit established-
Time line of Incrementalism - The Seed Capital Tax Credit
When §5216-B. Seed capital investmentwas first established 30 % of capitalist investment was designated to be covered by taxpayers spread out over 2 years.
EnactedLaw Summary:Public Law 2001, chapter 446 amends the Maine Seed Capital Tax Credit Program by increasing the amount of the tax credit from 30% to 40% of an eligible investment, authorizing the use of the credit for investments in certain private venture capital funds and allowing the credit to flow through certain entities to the underlying taxpayer. In addition, the bill increases the total authorized amount of tax credits that may be issued under the program from $8,000,000 to $12,000,000 over a 4-year period, requires that the credit be spread out over 7 years rather than 2 years and requires the Finance Authority of Maine report to the joint standing committee of the Legislature having jurisdiction over taxation matters in each of the next 2 years.
2001 chunk of investment paid by taxpayers goes from 30-40%. Rate of transfer from people to owners of the means of production escalated by 50%- spread out over 7 years
2011 Maine Seed Capital Tax Credit Amended to increase the amount paid by taxpayers to 60% of capitalist's investment
2013 Taxpayer now pays 60% of capitalists investment spread out over four years- amount allowed to transfer of wealth from taxpayers to the owners of the means of production escalated eight fold. “Tax Credits” extended to out of state investors who do not owe Maine taxes and therefore will receive a cash payment from Maine taxpayers . The legislature calls the bill “The Expanded and Improved Seed Capital tax Credit” Expanded indeed! Improved? Only for the capitalists!
This is the Summary for Bond Question #6. I have mixed feelings about it , as I am cognizant that environmental issues can be used as tools of political manipulation- and at the same time cognizant that in an era of heightened terrorists threats to the USA, we need to be all the more prepared to protect our water supplies- which is more dangerous - the threat from within or the threat from without? I don't really have enough information to answer that question.
SUMMARYThis bill authorizes a bond issue in the amount of $50,000,000 in order to make cost- effective investments in natural and built infrastructure to reduce threats to the State's water resources and provide a host of benefits for communities across Maine, including ensuring an abundant and high-quality drinking water supply, allowing communities to more effectively prepare for storms and flood events, conserving habitat for recreational fisheries, waterfowl and aquatic and wildlife species and strengthening the State's long-term economic base and competitive advantage. The bill establishes the Water Resources Commission and the Fund To Ensure Clean Water and Safe Communities. The commission is charged with assessing the State's water resource infrastructure needs and with allocating funds for resource conservation and development projects.
That said I will move on to some of the details of the 2013 legislative session, which I cover in A Maine Citizen's Journey Through The Statutes of Transformation.
The legislature has constructed its corporate network with much social benefit rhetoric ordaining their own high intentions as statutes as we see in this little bit of history:
QUOTE from 1985 Part 3: 487, §11 Chapter 271: HEALTH PROGRAMS:Subchapter 2: COMMUNITY HEALTH INVESTIGATION AND INFORMATION
The Legislature determines that it is in the public interest for the State to examine its emergency response mechanisms and procedures for accidents involving hazardous materials, to establish a comprehensive program for the disclosure of information about hazardous substances in the community and to provide a procedure whereby residents of this State may gain access to this information.[1985, c. 494, §2 (NEW).]
There is a need to establish is a new basis for a creative partnership of the private and public sectors for economic development, a partnership which can capitalize on the interests, resources and efforts of each sector, but which does not compromise the public interest or the profit motive. The state's solitary burden to provide for development should lessen through involving the private sector in a leadership role. [1977, ( emphasis mine)
However practice is different from rhetoric:
In 2013 there was a failed attempt to pass a bill protecting the public's right to know about potential ricks from hazardous materials:
2013, May An Act To Implement the Recommendations of the Right To Know Advisory Committee Concerning Public Access to Records Relating to Public-private Partnerships
Sponsored
by : Senator Millett
Co-Sponsored by: Senator Langley, and Representatives Daughtry, MacDonald, Malaby, Nelson, Parry, Pouliot, and Sirocki
Co-Sponsored by: Senator Langley, and Representatives Daughtry, MacDonald, Malaby, Nelson, Parry, Pouliot, and Sirocki
SUMMARY
This
bill implements the majority recommendation of the Right To Know
Advisory Committee.
Current
law requires that the Department of Transportation submit to the
Legislature a bill that authorizes the agreement that implements a
public-private partnership for the development of a transportation
facility. This bill requires the department to publish public notice
on the department's publicly accessible website or in newspapers when
it has determined that a public-private proposal and agreement meets
the standards of the
Maine
Revised Statutes, Title 23, chapter 410, subchapter 5
and
to wait at least 30 days after the public notice has been published
to submit the bill.
This regards a conflict of interest between the communities right to know and freedom of access to information concerning toxic and hazardous substances vs business advantages to the Department of Transportation and public-private relationships in attracting large corporations to the state by keeping the confidentiality provision on as it is - protected as a trade secret pursuant to 1985 Part 3: 487, §11 Chapter 271: HEALTH PROGRAMS:Subchapter 2: COMMUNITY HEALTH INVESTIGATION AND INFORMATION§1696-F. Provision of information; trade secrets (1989 ) ( See David Hastings Testimony)
Testimonies:
Maine
ACLU
|
||
Right
to Know Committee/7th Annual Right To Know Report
|
NO Surprise that Maine State Inc and the hegemonic power of public-private relationships won the day in the conflict of interests between the general public's welfare and the profit and opacity of the corporate state- the same legislature that unanimously supported the expansion of The Seed Capital Tax Credit voted that a bill protecting the public's right to know about potential hazardous risk "Ought Not To Pass" !
Current
Status of Section on Confidentiality:
10-A.
Confidential
information. Information
submitted to the department relating to a public-private partnership
proposal under this subchapter is confidential and not a public
record under Title 1, chapter 13, subchapter 1 if the private entity
submitting the information designates the information as being only
for the confidential use of the department and if:
A.
The information is a trade secret as defined in Title
10, section 1542, subsection 4;
or [2013, c. 208, §3 (NEW).]
B.
Disclosure of the information would result in a business or
competitive disadvantage, loss of business, invasion of privacy Ought
Not to Pass Pursuant To Joint Rule 310, May 23, 2013or
other significant detriment to the private entity to whom the record
belongs or pertains. [2013,
c. 208, §3 (NEW).]
If
legal action is filed to gain access to the information designated as
confidential under this subsection, the private entity must defend
its designation and the department shall release the information in
accordance with the order of the reviewing court. Failure to defend
the designation under this subsection constitutes a waiver of
confidentiality by the private entity and the department shall
release the information.
[
2013,
c. 208, §3 (NEW) .]
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