An Act To Improve Maine's Ability To Attract Major Private Investments
Maine Legislature, Session 126, LD 1835
Committee Amendment CA_A_S516 (Senate)
Amends: 26 MRSA §2031, 30-A MRSA §5250-J, 35-A MRSA §10109, 36 MRSA §1760, 36 MRSA §2021, 36 MRSA §5219-W, 36 MRSA §5219-K, 36 MRSA §6754

COMMITTEE AMENDMENT" A" to S.P. 738, L.D. 1835, Bill, "An Act To 
Improve Maine's Ability To Attract Major Private Investments" 
Amend the bill in section 4 by striking out all of subsection 49-K and inserting the 
following: 
'49-K. Transformational business expansion project. "Transformational business 
expansion project" means, when done by a qualified transformational expansion project 
business pursuant to Title 30-A, section 5250-J, subsection 4-D, the construction, 
development, rehabilitation, expansion, modernization or acquisition of any building, 
structure, system, machinery, equipment or facility in a military redevelopment zone, as 
defined in Title 30-A, section 5250-1, subsection ll-A, that has a projected cost of 
$50,000,000 or more and the operation of which is projected to result in a net gain of at 
least 1,500 job opportunities. "Transformational business expansion project" does not 
include an electric rate stabilization project or a project primarily involved in the 
provision of housing or retail sales to consumers.' 
Amend the bill in section 6 in subsection 6 by striking out all of paragraph B (page 2, 
lines 32 to 38 in L.D.) and inserting the following: 
'B. 
The sum of $120,000,000 $620,000,000 consisting of not more than 
$100,000,000 for loans and up to $20,000,000 for use of bond proceeds to fund 
capital reserve funds for revenue obligation securities issued pursuant to this 
subchapter relating to loans for major business expansion projects and not more than 
$400,000,000 for loans and up to $100,000,000 for use of bond proceeds to fund 
capital reserve funds for revenue obligation securities issued pursuant to this 
subchapter relating to loans for transformational business expansion projects;' 
Amend the bill by striking out all of sections 8 and 9 and inserting the following: 
'Sec. 8. 26 MRSA §2031, sub-§5, ~ is enacted to read: 
I. That the applicant has been certified as a qualified transformational expansion 
project business pursuant to Title 30-A, section 5250-J, subsection 4-D. 
COMMITTEE AMENDMENT 
COMMI1TEE AMENDMENT "A "to S.P. 738, L.D. 1835 
Sec. 9. 26 MRSA §2031, sub-§8, as amended by PL 2009, c. 213, Pt. JJJ, §l, is 
further amended to read: 
8. Eligibility for funding. Applicants eligible to receive funding from the program 
include, but are not limited to, employers, qualified transformational expansion project 
businesses certified pursuant to Title 30-A, section 5250-J, subsection 4-D, regional and 
local economic development agencies or partnerships, community-based organizations, 
job training service providers, registered apprenticeship service providers, local adult 
education providers and postsecondary education institutions. 
An applicant that is not a business shall demonstrate, in partnership with a business or a 
consortium of businesses, the ability to link training services with actual job creation, 
expansion, upgrade or retention. Training provided under this section is considered 
approved training under the unemployment insurance laws and the laws regarding 
dislocated workers administered by the Department of Labor. 
Training funds authorized under this section must be paid to the employer on a 
reimbursement basis. 
Notwithstanding any provision of law to the contrary, a qualified transformational 
expansion project business certified pursuant to Title 30-A, section 5250-J, subsection 
4-D is eligible for funds available under the Competitive Skills Scholarship Program 
established pursuant to section 2033.' 
Amend the bill in section 10 in chapter 43 in the headnote in the first and 2nd lines 
(page 
4, 
lines 
and 
in 
L.D.) 
by 
striking 
out 
the 
following: 
"TRANSFORMATIONAL BUSINESS EXPANSION PROJECT" and inserting the 
following: 
'QUALIFIED TRANSFORMATIONAL EXPANSION PROJECT 
BUSINESS' 
Amend the bill in section 10 in §3501 by striking out all of subsection 1 (page 4, lines 
and 20 in L.D.) and inserting the following: 
'I. 
Employer. 
"Employer" means the owner of a qualified transformational 
expansion project business.' 
Amend the bill in section 10 in §350l by inserting after subsection 2 the following: 
'3. Military redevelopment zone. "Military redevelopment zone" has the same 
meaning as in Title 30-A, section 5250-1, subsection ll-A. 
4. 
Oualified transformational expansion Droiect business. 
"Qualified 
transformational expansion project business" means a business that is certified pursuant 
to Title 30-A, section 5250-J, subsection 4-D.' 
Amend the bill in section 10 in §3502 by striking out all of the first paragraph (page 
4, lines 27 to 29 in L.D.) and inserting the following: 
'Notwithstanding any law to the contrary, a person may not be required, as a 
condition of employment or continuation of employment at a qualified transformational 
expansion project business located in a military redevelopment zone, to:' 
Amend the bill by striking out all of section 11 and inserting the following: 
'Sec. 11. 30-A MRSA §5250-J, sub-§4-D is enacted to read: 
COMMITTEE AMENDMENT 
COMMITTEE AMENDMENT 'A "to S.P. 738, L.D. 1835 
4-D. Qualified transformational expansion project business. A business certified 
under this subsection as a qualified transfonnational expansion project business qualifies 
for the incentives provided by this subsection with respect to the business activities for 
which certification has been granted. 
A. As used in this subsection, unless the context otherwise indicates, the following 
tenns have the following meanings. 
(1) "Employment" means, for each calendar year, the amount determined by 
adding the total number of qualified employees of a certified applicant on each of 
consecutive measurement days of that calendar year as chosen by the certified 
applicant and then dividing that sum by 6. 
(2) "Full-time employee" means a person who works at least 36 hours per week. 
(3) "Incentives" means: 
(a) The income tax credit for investment in a qualified transfonnational 
expansion project business pursuant to Title 36, section 5219-KK; 
(b) The sales tax exemption under Title 36, section 1760, subsection 96 and 
the reimbursement of sales tax pursuant to Title 36, section 2021; 
(c) Reimbursement of Maine income tax withholding pursuant to Title 36, 
section 6754, subsection 1, paragraph E; 
(d) Consideration for long-term, credit-enhanced financing pursuant to Title 
10, chapter 110, subchapter 3; 
(e) Workforce development training and recruitment assistance pursuant to 
the Governor's Jobs Initiative Program established pursuant to Title 26, 
chapter 25, subchapter 4, including funding assistance from the Competitive 
Skills Scholarship Program established pursuant to Title 26, section 2033; 
and 
CD Energy cost reimbursement pursuant to Title 35-A, section 10109. 
(4) "Qualified employee" means an individual: 
(a) Who is employed as a full-time employee of a qualified transfonnational 
expansion project business and is employed as a direct result of the project, 
excluding an employee or position shifted by the employer to the project 
location from another location in the State; 
(b) Whose income from employment under division Ca) is taxable under 
Title 36, chapter 803; 
(c) 
For whom a retirement program is provided subject to the federal 
Employee Retirement Income Security Act of 1974, 29 United States Code, 
Sections 101 to 1461, as amended; 
Cd) For whom health insurance is available; and 
COMMITTEE AMENDMENT 
COMMITTEE AMENDMENT "A" to S.P. 738, L.D. 1835 
(e) Whose income calculated on a calendar year basis is greater than the 
most recent per capita annual income in the State as determined by the 
United States Department of Commerce. 
(5) 
"Qualified investment" means expenditures incurred by a qualified 
transformational expansion project business on or after October 1, 2014. 
(6) "Qualified transformational expansion project business" means a business 
located in a military redevelopment zone that is a qualified Pine Tree 
Development Zone business that has an active certificate of qualification 
pursuant to paragraph B, subparagraph (2). 
B. 
This paragraph governs the procedures for application for and approval and 
revocation of certification as a qualified transformational expansion project business. 
(1) 
In addition to an application for certification as a qualified Pine Tree 
Development Zone business under section 5250-0, a business must submit an 
application to the commissioner to receive incentives under this subsection. The 
business must propose to make a qualified investment of at least $50,000,000 in, 
and add at least 1,500 qualified employees at, a military redevelopment zone 
within 10 years from the date of certification under subparagraph (2). 
The 
business must demonstrate that the qualified investment would not occur absent 
the availability of the incentives made available under this subsection. 
For 
purposes of this subsection, employees added or that will be added for 
certification as a qualified Pine Tree Development Zone business must be added 
with respect to the project for which the business is certified as a qualified 
transformational expansion project business under this subsection. 
The 
application must contain information, in a form prescribed by the commissioner, 
demonstrating that the business meets the requirements for a qualified 
transformational expansion project business. 
(2) Upon review and determination by the commissioner that a business meets 
the requirements for certification as a qualified transformational expansion 
project business, the commissioner shall issue a certificate of qualification to the 
business that includes a description of the qualified business activity for which 
the certificate is being issued. Prior to issuing a certificate of qualification, the 
commissioner must find that the business activity will not result in a substantial 
detriment to existing businesses in the State. In order to make this determination, 
the commissioner shall consider those factors the commissioner determines 
necessary to measure and evaluate the effect of the proposed business activity on 
existing businesses, including whether any adverse economic effect of the 
proposed business activity on existing businesses is outweighed by the 
contribution to the economic well-being of the State. The State Economist must 
review applications under this subsection and provide an advisory opinion to 
assist the commissioner in making findings under this subsection. 
(3) If the business does not invest at least $25,000,000 and hire at least 750 
qualified employees within 5 years of the date of the certificate issued under this 
subsection, the commissioner shall revoke the certificate issued under this 
subsection. If the business does not invest at least $50,000,000 and hire at least 
COMMITTEE AMENDMENT 
COMMITTEE AMENDMENT "A "to S.P. 738, L.D. 1835 
1,500 qualified employees within 10 years of the date of the certificate issued 
under this subsection, the commissioner shall revoke the certificate issued under 
this subsection. 
A business whose certificate issued under this subsection has been revoked does 
not qualify for Pine Tree Development Zone incentives beyond 10 years from the 
date the certificate was issued and continues to be responsible for fulfilling 
responsibilities under any long-term, credit-enhanced financing received under 
Title 10, chapter 110, subchapter 3. 
A business that is certified under this subsection may not be certified and receive 
incentives under this subsection beyond 20 years from the date of certification. 
C. The commissioner and the Commissioner of Labor shall work with other agencies 
across State Government involved in employment or skills training to identify and 
marshal the necessary financial resources to assist a qualified transformational 
expansion project business who makes a qualified investment in recruiting and 
training qualified employees. 
D. 
On or before March 1 st of each year a qualified transformational expansion 
project business, on forms prescribed by the commissioner, shall file a report with the 
commissioner and the State Tax Assessor for the immediately preceding calendar 
year, referred to in this paragraph as "the report year," that contains the following 
information: 
(1) The employment of the qualified transformational expansion project business 
for the calendar year immediately preceding the report year; and 
(2) The incremental level of qualified investments made for the calendar year 
immediately preceding the report year. 
The commissioner shall audit the report filed under this paragraph to ensure 
continued eligibility for the incentives provided under this subsection. 
E. The commissioner shall report to the joint standing committee of the Legislature 
having jurisdiction over taxation matters and the joint standing committee of the 
Legislature having jurisdiction over labor, commerce, research and economic 
development matters aggregate annual data on employment levels and qualified 
investment amounts of qualified transformational expansion project businesses under 
this subsection. The report must be made by March 15th of the first regular session of 
each Legislature beginning with the 128th Legislature. 
F. A qualified transformational expansion project business, when awarding contracts, 
purchasing supplies or subcontracting work related to a qualified investment, shall 
give preference, to the greatest extent possible, to Maine resident individuals, 
companies and bidders provided the supplies, products and bids meet the standards 
required by the qualified transformational expansion project business for best value, 
including, without limitation, quality and delivery, and are competitively priced. The 
qualified transformational expansion project business, in conjunction with the 
department, shall sponsor regional seminars for Maine businesses on how to do 
business with the qualified transformational expansion project business. 
COMMITTEE AMENDMENT 
COMMITTEE AMENDMENT "A" to S.P. 738, L.D. 1835 
Sec. 12. 35-A MRSA §10109, sub-§4, ~A, as amended by PL 2013, c. 369, Pt. 
A, § 15, is further amended to read: 
A. During fiscal years 20l3-14, 2014-15 and 2015-16, not less than 50% of the trust 
funds received during those years must be allocated for measures, investments and 
arrangements that reduce electricity consumption or reduce greenhouse gas emissions 
and lower energy costs at commercial or industrial facilities, and 35% of the funds 
received by the trust fund during those years must be used for investment in measures 
that lower residential heating energy demand and reduce greenhouse gas emissions. 
The measures that lower residential heating demand must be fuel-neutral and may 
include, but are not limited to, energy efficiency improvements to residential 
buildings and upgrades to efficient heating systems that will reduce residential energy 
costs and greenhouse gas emissions, as determined by the board. The trust shall 
transfer to the commission 15% of funds received by the trust fund during fiscal years 
2013-14,2014-15 and 2015-16, which the commission shall diFeet tnmsHllssioa aad 
distFibutioa utilities to disburse as reimbursement to qualified business projects in 
accordance with paragraph A-I; to the extent those funds are not needed for such 
reimbursement, the commission shall direct transmission and distribution utilities to 
disburse the funds to ratepayers in a manner that provides maximum benefit to the 
Maine economy. Subject to the apportionment pursuant to this subsection, the trust 
shall fund conservation programs that give priority to measures with the highest 
benefit-to-cost ratio, as long as cost-effective collateral efficiency opportunities are 
not lost, and that: 
(1) Reliably reduce greenhouse gas production and heating energy costs by fossil 
fuel combustion in the State at the lowest cost in funds from the trust fund per 
unit of emissions; or 
(2) Reliably reduce the consumption of electricity in the State at the lowest cost 
in funds from the trust fund per kilowatt-hour saved. 
Sec. 13. 35-A MRSA §lOl09, sub-§4, ~A-l is enacted to read: 
A-I. The trust fund must be expended to reimburse qualified business projects for 
certain electricity supply costs in accordance with this paragraph. 
(1) 
To qualify for reimbursement under this paragraph, the business proj ect 
must: 
Ca) 
Be a qualified transformational expansion project business certified 
pursuant to Title 30-A, section 5250-J, subsection 4-0: and 
(b) 
Pay a per kilowatt-hour rate for electricity supply that exceeds the 
national average industrial rate, as published by the United States Energy 
Information Administration. 
(2) A qualified business project is eligible to receive reimbursement from the 
trust fund up to an amount equal to the amount the qualified business project paid 
for electricity supply that exceeded the national average industrial rate, as 
verified and certified by the commission in accordance with the rules adopted by 
the commission. The qualified business project may receive the reimbursement 
COMMITTEE AMENDMENT 
COMMITIEE AMENDMENT" A" to S.P. 738, L.D. 1835 
for up to 5 years following certification pursuant to Title 30-A, section 5250-J, 
subsection 4-D. 
(3) The total reimbursement provided under this paragraph annually may not 
exceed 15% of the revenue deposited into the trust fund in any fiscal year. If the 
total amount needed to reimburse all qualified business projects exceeds 15% of 
the revenue deposited into the trust fund in any fiscal year, the funds must be 
disbursed based upon a qualified business project's pro rata share of the 
electricity consumed by all qualified business projects in that fiscal year. 
Rules adopted pursuant to this paragraph are routine technical rules pursuant to Title 
5, chapter 375, subchapter 2-A. 
Sec. 14. 36 MRSA §1760, sub-§96 is enacted to read: 
96. Sales of tangible personal property and transmission and distribution of 
electricity to a qualified transformational expansion project business. 
Sales of 
tangible personal property and sales of the transmission and distribution of electricity to a 
qualified transformational expansion project business, as defined in Title 30-A, section 
5250-J, subsection 4-D, for use directly and primarily in a qualified investment, as 
defined in Title 30-A, section 5250-J, subsection 4-D. The exemption provided by this 
subsection is limited for each qualified transformational expansion project business to 
sales occurring within the 20-year period beginning on the date the qualified 
transformational expansion project business is certified under Title 30-A, section 5250-J, 
subsection 4-D. As used in this subsection, "primarily" means more than 50% of the time 
during the period that begins on the date on which the property is first placed in service 
by the purchaser and ends 2 years from that date or at the time the property is sold, 
scrapped, destroyed or otherwise permanently removed from service by the purchaser, 
whichever occurs first.' 
Amend the bill by striking out all of sections 12 to 15 and inserting the following: 
'Sec. 12. 36 MRSA §2021 is enacted to read: 
§2021. 
Reimbursement of certain taxes related to qualified transformational 
expansion project businesses 
1. Definitions. As used in this section, unless the context otherwise indicates, 
"qualified investment" and "qualified transformational expansion project business" have 
the same meanings as in Title 30-A, section 5250-J, subsection 4-D, paragraph A, 
2. Reimbursement allowed. A reimbursement is allowed as provided in this section 
for a tax paid pursuant to this Part with respect to the sale or use of tangible personal 
property that is physically incorporated in and becomes a permanent part of real property 
that is owned by or sold to a qualified transformational expansion project business. 
3. Claim for reimbursement. Claims under this section for reimbursement of taxes 
are controlled by this subsection. 
A, A claim for reimbursement under this section must be filed by a contractor or 
subcontractor of a qualified transformational expansion project business with the 
assessor within 3 years from the date on which the tangible personal property was 
COMMITTEE AMENDMENT 
COMMITIEE AMENDMENT "A "to S.P. 738, L.D. 1835 
incorporated into real property. The reimbursement claim must be submitted on a 
form prescribed by the assessor and must be accompanied by a statement from a 
qualified transformational expansion project business certifying, under penalties of 
perjury, that the personal property with respect to which the tax was paid by the 
claimant has been placed in use directly and primarily in real property directly related 
to the project for which the qualified transformational expansion project business is 
certified. All records pertaining to that certification and to the transactions in question 
must be retained for at least 6 years by the contractor or subcontractor, by the 
qualified transformational expansion project business and by the person, if any, that 
sold the real property in question. The reimbursement claim must be accompanied by 
such additional information as the assessor may require. If a sales or use tax is 
included in the contractor's or subcontractor's contract price, the contractor or 
subcontractor shall file, at the request of the qualified transformational expansion 
project business, a claim for reimbursement in accordance with this section and pay 
the reimbursement to the qualified transformational expansion project business. 
B. 
If, by agreement between the contractor or subcontractor and the qualified 
transformational expansion project business, the contractor or subcontractor assigns 
its right to claim and receive reimbursement, the qualified transformational expansion 
project business must file a claim for reimbursement in accordance with this 
subsection. A reimbursement may not be issued to the qualified transformational 
expansion project business under this paragraph unless the contractor or 
subcontractor has previously submitted to the bureau a certificate, signed by the 
contractor or subcontractor, releasing the contractor's or subcontractor's claim to the 
reimbursement. The certificate must be in a format prescribed by the assessor. 
4. Limitations. Limitations on reimbursements made pursuant to this section are as 
set out in this subsection. 
A. Reimbursements made by the assessor pursuant to this section are limited to taxes 
paid in connection with sales of tangible personal property that occur within a 20-
year period beginning on the date the qualified transformational expansion project 
business is certified under Title 30-A, section 5250-J, subsection 4-D. 
B. Reimbursement pursuant to this section of taxes paid in connection with the sale 
of tangible personal property subsequently incorporated into real property may not be 
made when those real property improvements: 
(1) Are owned by more than one person prior to their acquisition by the qualified 
transformational expansion project business whose certification accompanies the 
reimbursement claim pursuant to subsection 3; or 
(2) Have been used for a business purpose by a person other than the qualified 
transformational expansion project business whose certification accompanies the 
reimbursement claim pursuant to subsection 3. 
5. Audit. The assessor has the authority to audit any claim filed under this section. 
If the assessor determines that the amount of the claimed reimbursement is incorrect, the 
assessor shall redetermine the claim and notify the claimant in writing of the 
redetermination. If the claimant has received reimbursement of an amount that the 
assessor concludes should not have been reimbursed, the assessor may issue an 
COMMITTEE AMENDMENT 
COMMITTEE AMENDMENT" A" to S.P. 738, L.D. 1835 
assessment for that amount within 3 years from the date the reimbursement claim was 
filed or paid, whichever is later, or at any time if a fraudulent reimbursement claim was 
filed. The claimant may seek reconsideration, pursuant to section 151, of the 
redetermination or assessment. 
6. Payment of claims. The assessor shall determine the benefit for each claimant 
under this section. The assessor shall pay those amounts to each qualified 
transformational expansion project business qualifying for the benefit under this section 
wi thin 30 days after receipt of a properly completed claim. Interest is not allowed on any 
payment made to a claimant pursuant to this section. 
Sec. 13. 36 MRSA §5219-W, sub-§4, as amended by PL 2009, c. 627, §11, is 
further amended to read: 
4. Limitation. The credit provided by this section may not be claimed for tax years 
beginning on or after January 1, 2029. A person eligible for the credit under section 
5219-KK for a taxable year may not claim the credit under this section for that taxable 
year. 
Sec. 14. 36 MRSA §5219-KK is enacted to read: 
§5219-KK. Credit for qualified transformational expansion project business 
1. Definitions. As used in this section, unless the context otherwise indicates, the 
following terms have the following meanings. 
A. "Payroll" means the total amount paid in this State during the tax period by the 
taxpayer for compensation, including wages, pretax employee contributions made to 
a benefit package and employer contributions made to an employee benefit package. 
B. "Property" means the average value of the taxpayer's real and tangible personal 
property that is owned or rented and used during the tax period. Property owned by 
the taxpayer is valued at its original cost. Property rented by the taxpayer is valued at 
times the annual rental rate paid by the taxpayer. 
C. 
"Qualified transformational expansion project business" means a business 
certified under Title 30-A, section 5250-J, subsection 4-D. 
2. Credit allowed. Notwithstanding any other provision of law, a taxpayer that is a 
qualified transformational expansion project business is allowed a credit in the amount of: 
A. One hundred percent of the tax that would otherwise be due under this Part for 
each of the first 10 tax years beginning with the tax year in which the taxpayer is 
certified pursuant to Title 30-A. section 5250-J, subsection 4-D; and 
B. Fifty percent of the tax that would otherwise be due under this Part for each of the 
tax years following the time period in paragraph A. 
3. 
Apportioned credit in certain circumstances. 
In the case of a qualified 
transformational expansion project business that engages in both qualified and 
nonqualified transformational expansion project business activities in this State, the credit 
provided for in this section is limited to that portion that is attributable to the qualified 
transformational expansion project business activity. The limitation is calculated by an 
apportionment. The apportionment is determined by a fraction, the numerator of which is 
COMMITTEE AMENDMENT 
COMMITTEE AMENDMENT '1\ "to S.P. 738, L.D. 1835 
the property value plus the payroll for the taxable year attributed to the qualified 
transformational expansion project business activity of the business and the denominator 
of which is the statewide property value plus payroll for the taxable year of the qualified 
transformational expansion project business. 
If the qualified transformational expansion project business is a taxable corporation that 
has affiliated groups, as defined in section 5102, subsection 1-B, engaged in a unitary 
business, as dermed in section 5102, subsection 10-A, the property and payroll values in 
the State of the unitary affiliated groups must be included in the apportionment fraction. 
The resulting fraction must be multiplied by the total tax liability otherwise due under this 
Part of the qualified transformational expansion project business and those affiliated 
groups. 
If the apportionment provisions of this subsection do not fairly reflect the amount of the 
credit associated with the taxpayer's qualified transformational expansion project business 
activity, the taxpayer may petition for, or the State Tax Assessor may require, in respect 
to all or any part of the taxpayer's business activity, the employment of another 
reasonable method to effectuate an equitable apportionment of the credit associated with 
the taxpayer's qualified transformational expansion project business activity. 
4. Members of pass-through entities. A member of a pass-through entity that is a 
qualified transformational expansion project business is allowed a credit under this 
section based on the tax due under this Part related to items of income, gain, deduction, 
loss or other items required to be reported by the pass-through entity to the member. For 
purposes of this subsection, "pass-through entity" means a corporation that for the 
applicable tax year is treated as an S corporation under the Code and a partnership, trust, 
limited liability company ~r similar entity that for the applicable tax year is not taxed as a 
C corporation for federal tax purposes; "member" means an individual or other owner of 
a pass-through entity. 
5. Limitation. The credit provided by this section may not be claimed for tax years 
beginning on or after January 1, 2035. 
Sec. 15. 36 MRSA §6754, sub-§l, ~E is enacted to read: 
E. For a qualified transformational expansion project business certified under Title 
30-A, section 5250-J, subsection 4-D, the reimbursement is equal to 80% of the 
Maine income tax withheld from each qualified employee during each of the first 10 
calendar years for which reimbursement is requested, beginning with the calendar 
. 34 
year during which the business is certified as a qualified transformational expansion 
project business under Title 30-A, section 5250-J, subsection 4-D. For each of the 
th to 20th years for which reimbursement is requested, the qualified 
transformational expansion project business is eligible for a reimbursement equal to 
50% of the Maine income tax withheld from each qualified employee. 
Reimbursement may not be paid pursuant to this paragraph for calendar years 
beginning after December 31, 2034. As used in this paragraph, "qualified employee" 
has the same meaning as in Title 30-A, section 5250-J, subsection 4-D, paragraph A, 
subparagraph (4).' 
Amend the bill by relettering or renumbering any nonconsecutive Part letter or 
section number to read consecutively. 
COMMITTEE AMENDMENT 
COMMITTEE AMENDMENT ",A "to S.P. 738, L.D. 1835 
SUMMARY 
This amendment is a minority report of the committee and makes the following 
changes to the bill: 
1. It adds language restricting the amount of bond proceeds used to fund capital 
reserve funds for revenue obligation securities issued relating to 
loans for 
transformational business expansion projects; 
2. 
It transfers the statutory provisions governing the certification as a qualified 
transformational expansion project business in a military redevelopment zone from the 
tax code to the section oflaw governing Pine Tree Development Zones; 
3. It requires that, prior to certification as a qualified transformational expansion 
project business, the business must first become certified as a qualified Pine Tree 
Development Zone business; 
4. It changes the process by which the Commissioner of Economic and Community 
Development determines that a qualified transformational expansion project business is 
eligible to receive a certificate and the terms for revocation of the certificate and clarifies 
the term "incentives"; 
5. It changes the term "transformational business expansion project" to "qualified 
transformational expansion project business" in all the provisions of the bill except those 
affecting the Finance Authority of Maine Act; 
6. It clarifies that if a business's certificate is revoked, the business is still responsible 
for fulfilling its responsibilities under any long-term, credit-enhanced financing that it 
received as a transformational business expansion project from the Finance Authority of 
Maine; 
7. It clarifies the reimbursement process in the provisions governing the annual 
reimbursement for certain electricity supply costs for qualified transformational 
expansion project businesses; 
8. It adds language in the provisions in the bill governing the right to refrain from 
joining a union in transformational expansion project businesses to clarify that the 
prohibitions are limited to employment in a military redevelopment zone in a qualified 
transformational expansion project business; and 
9. It adds an exemption from sales tax for tangible personal property and for the 
transmission and distribution of electricity to the incentives for a qualified 
transformational expansion project business. 
rl8CALNOTI REQUIRED 
... ......, 
COMMITTEE AMENDMENT 
Approved: 04/09/14 Mac 
LD 1835 
LR 2786(02) 
An Act To Improve Maine's Ability To Attract Major Private Investments 
Fiscal Note for Bill as Amended by Committee Amendment 'WI (~-. Sf LP) 
Committee: Labor, Commerce, Research and Economic Development 
Fiscal Note Required: Yes 
Fiscal Note 
Potential future biennium revenue decrease - General Fund 
Correctional and Judicial Impact Statements 
Establishes new Class D crimes; 
The collection of additional fines may also increase General Fund revenue by minor amounts. 
Fiscal Detail and Notes 
Given the parameters that need to be met in tenns of investment and number of employees hired, it is estimated that 
any reduction in sales and use and income tax revenue through fiscal year 2016-17 would be minor and that more 
significant reduction would occur in later years. 
Increasing the Finance Authority of Maine's revenue obligation securities limit by $500,000,000 extends the moral 
obligation of the State. 
Expanding eligibility for funding available under the Competitive Skills Scholarship Program to include a qualified 
transfonnational expansion project business may result in less funds being available for education and training for 
eligible individuals pursuant to Title 26, §2033, sub-§5. The impact will depend on the number of qualified 
transfonnational expansion project businesses that take advantage of this provision. 
Under current law the Efficiency Maine Trust must transfer 15% of funds received in the Regional Greenhouse. Gas 
Initiative Trust Fund in fiscal years 2013-14, 2014-15 and 2015-16 to the Public Utilities Commission (PUC) to be 
disbursed to ratepayers. Under this bill the PUC will use that transferred money to provide reimbursements to certain 
qualified business projects. Any additional costs to the PUC are expected to be minor and can be absorbed within 
existing budgeted resources. 
Additional costs to the Department of Economic and Community Development associated with the certification 
process can be absorbed within existing budgeted resources. 
LR2786(02) - Fiscal Note - Page 1 of 1