An Act To Enhance Accountability in Future Tax Increment Financing
Maine Legislature, Session 123, LD 1469
Committee Amendment CA_A_H299 (House)
Committee: Business, Research a

COMMITTEE AMENDMENT ,,~ " to H.P. 1031, L.D. 1469, Bill, "An Act To 
Enhance Accountability in Future Tax Increment Financing" 
Amend the bill by striking out the title and substituting the following: 
'Resolve, To Enhance Accountability in Tax Increment Fin~ncing' 
Amend the bill by striking out everything after the title and inserting the following: 
'Sec. 1. 
Department of Economic and Community Development 
authorized to review tax increment financing policies. Resolved: 
That the 
Department of Economic and Community Development is directed to review the State's 
tax increment financing accountability and reporting policies, including, but not limited 
to, the Office of Program Evaluation and Government Accountability's performance audit 
final report recommendations relating to tax increment financing; the statutory purpose, 
goals and objectives for tax increment financing, including, but not limited to, job 
creation and retention and its impact on regional development patterns; and potential 
monitoring and evaluation systems, including data collection and performance measures 
developed by the Office of Program Evaluation and Government Accountability and the 
National State Auditors Association; and be it further 
Sec. 2. 
Reporting date established. 
Resolved: That the Department of 
Economic and Community Development shall consult with the Office of Program 
Evaluation and Government Accountability and the Department of Administrative and 
Financial Services, Maine Revenue Services to develop recommendations for improving 
the State's tax increment financing accountability and reporting policies. The 
recommendations must include proposals for improving the transparency and 
accountability of tax increment financing reports to the Legislature, as well as proposals 
for improving the State's training and outreach initiatives for municipal officials and other 
state and local agencies to maximize the goals of tax increment financing. The 
Department of Economic and Community Development shall submit a report of its 
findings and recommendations to the Joint Standing Committee on Business, Research 
COMMITTEE AMENDMENT 
~t.'" 
COMMITTEE AMENDMENT "~,, to H.P. 1031, L.D. 1469 
and Economic Development and the Joint Standing Committee on Taxation by January 
15, 2008. The Joint Standing Committee on Business, Research and Economic 
Development is authorized to submit legislation to the Second Regular Session of the 
123rd Legislature relating to this report.' 
:: 
SUMMARY 
This amendment replaces the bill with a resolve that directs the Department of 
Economic and Community Development to review the State's tax increment financing 
accountability and reporting policies and to consult with the Office of Program 
Evaluation and Government Accountability and the Department of Administrative and 
Financial Services, Maine Revenue Services to develop recommendations for improving 
these policies. The Department of Economic and Community Development is directed to 
submit its report to the Joint Standing Committee on Business, Research and Economic 
Development and the Joint Standing Committee on Taxation by January 15,2008. This 
amendment also authorizes the Joint Standing Committee on Business, Research and 
Economic Development to submit legislation to the Second Regular Session of the 123rd 
Legislature relating to this report. 
FISCAL NOTE REQUIRED 
(See attached) 
COMMITTEE AMENDMENT 
Approved: 05/20107 :1dae 
123rd MAINE LEGISLATURE ( 
LD 1469 
LR2424(02) 
An Act To Enhance Accountability in Future Tax Increment Financing 
Fiscal Note for Bill as Amended by Committee Amendment "~,, 
Committee: Business, Research and Economic Development 
Fiscal Note Required: Yes 
Fiscal Note 
Minor cost increase - General Fund 
Fiscal Detail and Notes 
The additional costs to the Department of Economic and Community Development, Maine Revenue Services and the 
Office of Program Evaluation and Government Accountability can be absorbed utilizing existing budgeted resources. 
LR2424(02) - Fiscal Note - Page 1 of 1