An Act To Clarify the Maine New Markets Capital Investment Program Tax Credit
Maine Legislature, Session 126, LD 1109
Committee Amendment CA_A_H57 (House)

COMMITTEE AMENDMENT ./} " to H.P. 778, L.D. 1109, Bill, "An Act To 
Clarify the Maine New Markets Capital Investment Program Tax Credit" 
Amend the bill by striking out everything after the enacting clause and before the 
emergency clause and inserting the following: 
'Sec. 1. 36 MRS A §5219-HH, sub-§l, ~J, as amended by PL 2011, c. 657, Pt. P, 
§ 1, is further amended to read: 
J. 
"Qualified low-income community investment" means any capital or equity 
investment in, or loan to, any qualified active low-income community business made 
after September 28, 2011. Except as otherwise provided in this paragraph, with 
respect to anyone qualified active low-income community business, the maximum 
amount of qualified low-income community investments that Tuay be made ffi...-the 
business, on a collective basis with all of its affiliates, with the proceeds of qualified 
equity investments that have been certified under Title 10, section 1100-Z, subsection 
3, paragraph G is $10,000,000 per project constructed, maintained or operated by the 
qualified active low-income community business whether made by one or several 
qualified community development entities. With respect to investments in a qualified 
active low-income community business that is a manufacturing or value-added 
production enterprise that projects to create or retain more than 200 jobs, the limit on 
the qualified low-income community investment is $40,000,000 per project 
constructed, maintained or operated by the qualified active low-income community 
business. For the purposes of this paragraph, with respect to projects to which the 
$10,000,000 limitation applies, "project" includes all land, buildings, structures, 
machinery and equipment located at the same location and constructed, maintained or 
operated by the qualified active low-income community business. For the purposes 
of this paragraph, with respect to projects to which the $40,000,000 limitation 
applies, "project" means, and refers separately to, each manufacturing or value-added 
production facility that projects to create or retain more than 200 jobs, including the 
land, buildings, structures, machinery and equipment functionally related to, and 
integrated with, the manufacturing or production process conducted on the site of that 
COMMITTEE AMENDMENT 
COMMITTEE AMENDMENT "A" to H.P. 778, L.D. 1109 
facility. "Project" does not mean or include the component pieces of an integrated 
manufacturing or production process conducted on the site of a particular facility.' 
SUMMARY 
This amendment provides that the maximum investments of $10,000,000 and 
$40,000,000 are on a per project basis regardless of whether there is common ownership 
of each project. It provides definitions for the term "project." It requires that projects to 
which the $40,000,000 limitation applies must create or retain more than 200 jobs and 
that component pieces of an integrated manufacturing or production process do not 
qualify as a project. 
FISCAL -'OTE REQUIRED 
(See attached) 
.- .. -""' .. -~,..: 
COMMITTEE AMENDMENT 
Approved: 04/09113 frac 
LD 1109 
LR 1853(02) 
An Act To Clarify the Maine New Markets Capital Investment Program Tax Credit 
Fiscal Note for Bill as Amended by Committee Amendment "fl" ( H -5~ 
Committee: Taxation 
Fiscal Detail and Notes 
Fiscal Note Required: Yes 
Fiscal Note 
Minor cost increase - General Fund 
Minor cost increase - Other Funds 
Additional costs to the Finance Authority of Maine and Maine Revenue Services can be absorbed within existing 
budgeted resources. 
LR1853(02) - Fiscal Note - Page 1 of 1