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2012 Maine Revised Statutes
TITLE 36: TAXATION
Chapter 919: SHIPBUILDING FACILITY CREDIT
36 §6857. Decelerated credit


36 ME Rev Stat § 6857 (2012 through 125th Legis) What's This?

Part 9: TAXPAYER BENEFIT PROGRAMS

§6857. Decelerated credit

Beginning July 1, 2003, if a certified applicant has employment in any calendar year of less than 5,000 but equal to or greater than 4,500, the credit authorized in section 6853 must be decreased to $2,875,000. If employment is less 4,500 but equal to or greater than 4,000, the credit must be decreased to $2,750,000. If employment is less than 4,000 but equal to or greater than 3,500, the credit must be reduced to $2,625,000. [1997, c. 449, §1 (AMD).]

SECTION HISTORY

1997, c. 449, §1 (NEW).

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