An Act to Extend and Expand the Loring Job Increment Financing Fund (AFTER DEADLINE)
Maine Legislature, Session 131, LD 1981
Committee: Innovation, Development, Economic Advancement and Business
Sponsors: JACKSON
Amends: 5 MRSA §13080-Q, 5 MRSA §13080-S

Legislative Document
No. 1981
S.P. 810
In Senate, May 22, 2023
An Act to Extend and Expand the Loring Job Increment Financing 
Fund
(AFTER DEADLINE)
Approved for introduction by a majority of the Legislative Council pursuant to Joint Rule 
205.
Reference to the Committee on Innovation, Development, Economic Advancement and 
Business suggested and ordered printed.
DAREK M. GRANT
Secretary of the Senate
Presented by President JACKSON of Aroostook.
Be it enacted by the People of the State of Maine as follows:
Sec. 1.  5 MRSA §13080-Q, sub-§2, ¶A, as enacted by PL 1995, c. 644, §2, is 
amended to read:
A.  Revenues received under this section must be used solely to fund the costs of 
municipal 
services, 
including, 
but 
not 
limited 
to, 
water, 
electricity, 
telecommunications, sewer, fire protection, police protection, sanitation services and 
the maintenance of buildings, facilities, grounds and roads in connection with projects 
involving the maintenance or restoration of buildings or facilities that will create or 
retain jobs and promote economic development in the base area.
Sec. 2.  5 MRSA §13080-Q, sub-§2, ¶C, as amended by PL 1997, c. 504, §1, is 
further amended to read:
C.  State income withholding taxes derived from employment at a business within the 
base area are not eligible for use in the calculation of a payment to the fund if to the 
extent that the business is eligible during the current year to receive a payment under 
any other program authorized by Title 36, Part 9 that is based on the amount of 
employer withholding taxes and the business has made or makes an election to receive 
that payment.  A payment from the fund that an employer receives or is eligible to 
receive based on a percentage of employer withholding taxes does not affect the 
remaining percentage, which is eligible for use in the calculation of a payment to the 
fund under this section.
Sec. 3.  5 MRSA §13080-Q, sub-§2, ¶D, as amended by PL 2013, c. 413, §1, is 
further amended to read:
D.  Payments made to the fund may not be made for tax years beginning on or after 
July 1, 2026 2046.
Sec. 4.  5 MRSA §13080-S, sub-§3, as amended by PL 2021, c. 18, §1, is further 
amended to read:
3.  Deposit and payment of revenue.  On or before July 15th of each year, the assessor 
shall deposit an amount equal to 50% 100% of the employment tax increment for the 
preceding year into a contingent account established, maintained and administered by the 
State Controller.  On or before July 31st of each year, the assessor shall pay that amount to 
the fund.
SUMMARY
This bill:
1. Increases from 50% to 100% the amount of the employment tax increment the State 
Tax Assessor is required to deposit into the Loring Job Increment Financing Fund;
2. Expands the allowable uses of the Loring Job Increment Financing Fund to include 
electricity, telecommunications and the maintenance of buildings and facilities and 
provides that covered municipal services and maintenance and restoration must relate to 
projects involving the maintenance or restoration of buildings or facilities that will create 
or retain jobs and promote economic development;
3. Extends the authority for payments to the Loring Job Increment Financing Fund 
from 2026 to 2046; and
4. Provides that a payment from the Loring Job Increment Financing Fund that an 
employer receives or is eligible for based on a percentage of employer withholding taxes 
does not affect the remaining percentage, which is eligible for use in the calculation of a 
payment to the fund.