An Act To Provide Greater Access to Capital for Certain Businesses Through Advance Payment of Employment Tax Increment Financing Benefits
Maine Legislature, Session 126, LD 0278
Committee Amendment CA_A_S21 (Senate)
Amends: 36 MRSA §191, 36 MRSA §6656, 36 MRSA §6758

COMMITTEE AMENDMENT ''A " to S.P. 111, L.D. 278, Bill, "An Act To 
Provide Greater Access to Capital for Certain Businesses Through Advance Payment of 
Employment Tax Increment Financing Benefits" 
Amend the bill by striking out the title and substituting the following: 
'An Act To Provide Greater Access toCapital for Certain Businesses through 
Assignment of Benefits under the Business Equipment Tax Reimbursement 
Program and the Maine Employment Tax Increment Financing Program' 
Amend the bill by striking out everything after the enacting clause and before the 
summary and inserting the following: 
'Sec. 1. 36 MRSA §191, sub-§2, ~AA, as amended by PL 2003, c. 668, §9 and 
affected by § 12, is further amended to read: 
AA. The disclosure by employees of the bureau to designated representatives of the 
Finance Authority of Maine necessary for the administration of section 6656, 
, 22 
subsection 3 and section 6758, subsection 4 and of information required to ensure 
that recipients of certain benefits under Title 20-A, chapter 417 -E are eligible to 
receive such benefits; 
Sec. 2. 36 MRSA §6656, sub-§3 is enacted to read: 
3. Assignment of reimbursement payments. A claimant may assign its right to 
payments under this chapter to secure a loan from the Finance Authority of Maine, and 
such an assignment, notwithstanding any contrary provision of law, is a legally valid 
assignment binding upon the claimant and its successors in interest. Upon notice of such 
an assignment given to the assessor by the Finance Authority of Maine and written 
confirmation of such an assignment signed by the claimant, the assessor shall pay to the 
Finance Authority of Maine any payments due to the claimant pursuant to this chapter 
and assigned to the Finance Authority of Maine until the Finance Authority of Maine 
notifies the assessor that the assignment has been released. 
Sec. 3. 36 MRSA §6758, sub-§4 is enacted to read: 
COMMITTEE AMENDMENT 
j.~. 
"t,,: 
COMMITTEE AMENDMENT A "to S.P. Ill, L.D. 278 
4. Assignment of payments. A qualified business may assign its right to payments 
under this chapter to secure a loan from the Finance Authority of Maine, and such an 
assignment, notwithstanding any contrary provision of law, is a legally valid assignment 
binding upon the qualified business and its successors in interest. Upon notice of such an 
assignment given to the assessor by the Finance Authority of Maine and written 
confirmation of such an assignment signcd by the qualified business, the assessor shall 
pay to the Finance Authority of Maine any payments due to the qualified business 
pursuant to this chapter and assigned to the Finance Authority of Maine until the Finance 
Authority of Maine notifies the assessor that the assignment has been released.' 
SUMMARY 
This amendment allows the assignment of certain claims for payment under the 
Business Equipment Tax Reimbursement program and Employment Tax Increment 
Financing Program to the Finance Authority of Maine in order to secure loans from the 
Finance Authority of Maine. It also pennits the State Tax Assessor to make payments 
directly to the Finance Authority of Maine in such circumstances and to disclose 
otherwise protected taxpayer information to the Finance Authority of Maine necessary for 
the administration of the assignment and payment of the claims. 
FISCAL NOTE REQUIRED 
(See attached) 
COMMITTEE AMENDMENT 
Approved: 03/26/13 
~ac 
LD278 
LR 491(02) 
An Act To Provide Greater Access to Capital for Certain Businesses Through Advance Payment of 
Employment Tax Increment Financing Benefits 
Fiscal Detail and Notes 
Fiscal Note for Bill as Amended by Committee Amendment 'A"(s- 2..l "\ 
Committee: Taxation 
) 
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 to implement the requirements of 
this legis:ation can be absorbed within existing budgeted resources. 
LR0491 (02) - Fiscal Note - Page 1 of 1