An Act To Attract Investment to Loring Commerce Centre
Maine Legislature, Session 127, LD 1670
Committee Amendment CA_A_H634 (House)
Amends: 5 MRSA §13080-S

COMMITTEE AMENDMENT "A" to H.P. 1141, L.D. 1670, Bill, "An Act To 
Attract Investment to Loring Commerce Centre" 
Amend the bill in section 1 by striking out all of subsection 1 (page 1, lines 4 to 6 in 
L.D.) and inserting the following: 
'1. 
Fund to receive income tax revenues from job creation. 
Subject to the 
provisions of subsection 2 0:ft6 seetiea 13Q8Q 8, the fund must receive annually from the 
State ,W.%. the amount of the (:mployment tax increment determined in accordance with 
section 13080-S.' 
Amend the bill in section 2 in subsection 2 in the 3rd line (page 1, line 25 in L.D.) by 
inserting after the following: "information" the following: 'and shall determine the 
amount of the employment tax increment' 
Amend the bill in section 3 by striking out all of subsection 3 (page 1, lines 29 to 36 
in L.D.) and inserting the following: 
'3. Deposit and payment of revenue. On or before July 15th of each year, if-tl.:te 
8f)pr01..al ef the assessor has eeea issaed parsaa:Bt te saeseeti0fl 2, the CefllHlissieaer ef 
Aamini:straa.-Ye aaa Fiflafteial Serviees shall deposit an amount equal to 50% of the 
employment tax increment for the preceding year into a contingent account established, 
maintained and administered by the CefllHlissieaer ef Aamiaistrati11e anti Fiflafteial 
Serviees State Controller. On or before July 31st of each year, the Cefl'H.'Bissieaer of 
Aamiflistrati¥e ans Fiaaneial Ser.riees assessor shall pay that amount to the fund.' 
Amend the bill by inserting after section 3 the following: 
'Sec. 4. 5 MRSA §13080-S, sub-§4 is enacted to read: 
4. Additional deposit and payment of revenue. Beginning in 2016, on or before 
December 15th of each year, the assessor shall deposit an amount equal to 50% of the 
employment tax increment for the preceding year into a contingent account established, 
maintained and administered by the State Controller. On or before December 31st of 
each year, the assessor shall pay that amount to the fund. 
COMMITTEE AMENDMENT 
o~s 
~ 
COMMITIEE AMENDMENT"A "to H.P. 1141,L.D.1670 
This subsection is repealed October 1, 2021. 
Sec. 5. Report. By January 15, 2021, the Loring Development Authority of Maine 
shall submit a report to the joint standing committee of the Legislature having jurisdiction 
over taxation matters regarding activities of the authority and the deposit and payment of 
revenue under the Maine Revised Statutes, Title 5, section 13080-S, subsections 3 and 4. 
The committee may submit a bill relating to the report to the First Regular Session of the 
l 30th Legislature. 
The report must contain the following information for each of the previous 5 years: 
1. Identification by category of annual expenditures of the authority and the amounts 
of revenue of the authority by source; 
2. The number of employees employed at locations under the jurisdiction of the 
authority and the total wages used to calculate the employment tax increment; 
3. A summary of the efforts of the authority in recruiting new employers to the base 
area subject to the jurisdiction of the authority and the results of those efforts; and 
4. A projection regarding the future ability of the authority to attract additional 
investment and the impact of the efforts of the authority on the economic development of 
the northern region of the State.' 
Amend the bill by relettering or renumbering any nonconsecutive Part letter or 
section number to read consecutively. 
SUMMARY 
This amendment changes the schedule by which payment of the employment tax 
increment to the Loring Job Increment Financing Fund must be made. Instead of paying 
100% of the employment tax increment to the fund in December of each year as the bill 
proposes, this amendment requires that 50% of the employment tax increment be paid to 
the fund in December of each year and the remaining 50% be paid to the fund in July of 
the following year. The bill also limits the payment of the increased employment tax 
increment amounts to 5 years and requires a report from the Loring Development 
Authority of Maine to the joint standing committee of the Legislature having jurisdiction 
over taxation matters in 2021. The committee is authorized to submit a bill to the First 
Regular Session of the I 30th Legislature regarding the report. 
COMMITTEE AMENDMENT 
Net Cost (Savings) 
General Fund 
Revenue 
General Fund 
Approved: 03/31/16 ;t?ac 
LD 1670 
LR2768(02) 
An Act To Attract Investment to Loring Commerce Centre 
I 
Fiscal Note for Bill as Amended by Committee Amendment •fl'{ H -lt,30 
Committee: Taxation 
Fiscal Note Required: Yes 
Fiscal Note 
FY 2015-16 
FY2016-17 
$0 
$637,000 
Projections 
FY2017-18 
$637,000 
Projections 
FY 2018-19 
$637,000 
Other Special Revenue Funds 
$0 
$0 
($637,000) 
($13,000) 
($637,000) 
($13,000) 
($637,000) 
($13,000) 
Fiscal Detail and Notes 
The bill increases the amount of employment tax increment paid to the Loring Job Increment Financing Fund and 
would result in a loss of General Fund and Local Government Fund revenue of$637,000 and $13,000, respectively, in 
fiscal year 2016-17. 
Additional costs to the Loring Development Authority to submit the required report by January 15, 2021 can be 
absorbed within existing budgeted resources. 
LR2768(02) - Fiscal Note - Page 1 of 1