Preserving The American Political Philosophy

Get Public Private Relationships and the New Owners of the Means of Production on Amazon Kindle! ( note- an update is being processed to fix mismatched title pages but if one clicks on the title links it gets you there anyway )  Public Private Relationships and the New Owners of the Means of Production tells the story of the transformation of Maine from a state to a development corporation following the history and records of economic development statutes. In 1876 an amendment was added to the Maine Constitution which prohibits the Legislature from chartering corporations by special acts of legislation. In 1968 Maine became a constitutional Home Rule State as authority was granted to municipalities to fund economic development projects with municipal bonds approved by a public referendum. Previous to Home Rule, general obligation bonds in which a particular industry received tax revenues was struck down as a violation of The Maine Constitution, Article IX, Section 8

Tweet This: http://goo.gl/qOE3vX Worth a Listen:  http://wgan.com/podcasts/al-dimillo-1-11/ Compiled from various notes:  Feb 2013   An Act To Provide Greater Access to Capital for Certain BusinessesThrough Advance Payment of Employment Tax IncrementFinancing Benefits  SUMMARY 36 This bill allows the Commissioner of Economic and Community Development, under 37 extraordinary circumstances, to provide advance payments of employment tax increment 38 financing benefits to a qualified business based on a net present value calculation of the 39 projected employment tax increment financing benefit to the business. The advance 40 payment must be made in the form of a loan through the Maine Rural Development 41 Authority, pursuant to applicable conditions and requirements. Commentary This refers to the (up to) 80%payroll  tax credit that the state provides to its targeted sector- or in other words that the state requires the tax-paying sector (employees , retail sector, other