Tax Incentive and Exemption Value Estimator
The State of Maine offers a variety of tax incentives to businesses. If you are considering a new investment in Maine, this page will help you estimate the potential benefit to your business from three key programs. For specific eligibility information, please contact DECD to learn how these programs could fit your business.
Employment Tax Increment Financing (ETIF)
The ETIF program offers payments to businesses who hire new, well-paid employees. Companies can receive these payments for new, full-time employees who are paid above the county median income, including benefit contributions, and are provided retirement and group health benefits. See the Employment Tax Increment Financing page for more information.
Pine Tree Development Zones (PTDZ)
The PTDZ program provides a range of benefits for businesses in certain regions and sectors who are making new investments and creating jobs. Among other benefits, PTDZ certification exempts purchases for a business's operation from sales tax. See the Pine Tree Development Zones page for more information.
Business Equipment Tax Exemption (BETE)
The BETE Program exempts certain business equipment from property taxes. See the Business Equipment Tax Relief Programs page for more information. Property tax rates vary with locality, so this calculator uses an average of 1.3%.
Estimated value of tax exemptions and incentive payments over ten years:
Ready to invest in Maine? Please contact DECDTaxIncentives@maine.gov with any questions about these programs and more information about how to apply.