Public Laws

124th Legislature

Second Regular Session


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Chapter 571

H.P. 1183 - L.D. 1671

PART LL

Sec. LL-1. 5 MRSA §13080-S, sub-§3,  as enacted by PL 1995, c. 644, §2, is amended to read:

3. Deposit and payment of revenue.   On or before June 30th July 15th of each year, if the approval of the assessor has been issued pursuant to subsection 2, the Commissioner of Administrative and Financial Services 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 Commissioner of Administrative and Financial Services. On or before July 31st of each year, the Commissioner of Administrative and Financial Services shall pay that amount to the fund.

§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)

Sec. LL-2. 36 MRSA §6758, sub-§3,  as amended by PL 2009, c. 361, §34 and c. 461, §28, is repealed and the following enacted in its place:

3 Deposit and payment of revenue.   On or before July 15th of each year, the assessor shall certify to the State Controller the total retained employment tax increment revenues for the preceding calendar year for approved employment tax increment financing programs to be transferred to the state employment tax increment contingent account established, maintained and administered by the State Controller from General Fund undedicated revenue within the withholding tax category. On or before July 31st of each year, the assessor shall pay to each approved qualified business an amount equal to the retained employment tax increment revenues of that qualified business for the preceding calendar year.

Office of the Revisor of Statutes
State House, Room 108
Augusta, ME 04333