An Act To Eliminate Tax Increment Financing for Retail Businesses
Maine Legislature, Session 123, LD 0208
Committee Amendment CA_A_H592 (House)

COMMITTEE AMENDMENT " ~ " to H.P. 179, 'L.D. 208, Bill, "An Act To 
Eliminate Tax Increment Financing for Retail Businesses" 
Amend the bill by striking out the title and substituting the following: 
'Resolve, Directing the Department of Economic and Community 
Development To Analyze and Evaluate the Effect of Tax Increment 
Financing for Retail Businesses on Economic Development' 
Amend the bill by striking out everything after the title and before the summary and 
inserting the following: 
'Sec. 1. 
Analysis and evaluation. 
Resolved: 
That the Department of 
Economic and Community Development shall analyze and evaluate the effect of tax 
increment financing for retail businesses on economic development in Maine. 
In 
performing this analysis and evaluation, the department shall: 
A. Determine the most appropriate definition of "retail business" for purposes of 
analysis and evaluation; 
B. Identify and analyze the impact of approved tax increment financing for retail 
businesses on decisions to initiate or expand retail businesses in the State, on the 
impact on other existing businesses and on economic development in the State 
generally; 
C. With assistance from the Department of Administrative and Financial Services, 
Bureau of Revenue Services, identify and analyze the property tax shifts resulting 
from the approval of tax increment financing for retail businesses and the sheltering 
of captured assessed value; and 
D. Research the practices of other jurisdictions regarding the use of tax increment 
financing for retail businesses; and be it further 
COMMITTEE AMENDMENT 
COMMITTEE AMENDMENT" A " 
to H.P. 179, L.D. 208 
I 
Sec. 2. Report. Resolved: That the Department of Economic and Community 
Development shall submit a written report detailing its evaluation and analysis to the 
Joint Standing Committee on Taxation by November 1, 2007. 
The joint standing 
committee may submit legislation to the Second Regular Session of the 123rd Legislature 
to implement its recommendations regarding the report.' 
SUMMARY 
This amendment replaces the bill with a resolve reqUlnng the Department of 
Economic and Community Development to evaluate and analyze the effect of tax 
increment financing for retail businesses on economic development in Maine and submit 
a report to the Joint Standing Committee on Taxation by November I, 2007. The joint 
standing committee is authorized to submit legislation related to the report. 
FISCAL :"'OTE REQUIRED 
(See attachefl), 
COMMITTEE AMENDMENT 
Fiscal Detail and Notes 
Approved: 06/12/07 Mae 
LD208 
LR 790(02) 
An Act To Eliminate Tax Increment Financing for Retail Businesses 
Fiscal Note for Bill as Amended by Committee Amendment" fl " 
Committee: Taxation 
Fiscal Note Required: Yes 
Fiscal Note 
Minor cost increase - General Fund 
The additional costs to analyze and report on the effect tax increment financing for retail businesses has on economic 
development can be absorbed by the Department of Economic and Community Development and Maine Revenue 
Services utilizing existing budgeted resources. 
LR0790(02) - Fiscal Note - Page I of I