tax credit Archives - Lewiston Sun Journal

Madawaska paper mill to receive nearly $10 million Maine tax credit

by Stephen Singer September 19, 2024September 19, 2024

Twin Rivers Paper Co. Inc. was the only mill eligible for the tax credit meant to help modernize equipment and save jobs. A state report recommends more transparency about business incentives.

Maine, sj-web

Maine Senate backs $45 million tax credits for BIW

by The Associated Press March 29, 2018March 29, 2018

AUGUSTA (AP) — A bill that would continue providing tens of millions of dollars in state tax breaks to a Navy shipbuilder is getting support from Maine lawmakers. The Senate voted 25-9 Wednesday to provide a tax credit to Bath Iron Works. The bill faces more legislative action before being sent to Republican Gov. Paul […]

Maine, sj-web

Controversial bill to give BIW tax credits stalls in State House, extending foe’s food strike

by Kevin Miller, Portland Press Herald February 28, 2018February 28, 2018

AUGUSTA — A controversial proposal to provide Bath Iron Works with $60 million in tax credits remains stalled in a legislative committee even as a veteran peace activist’s “hunger strike” on the issue entered its second week. Members of the Legislature’s Taxation Committee on Tuesday delayed a vote on BIW’s request for up to $60 […]

Maine, sj-web

Bath Iron Works fights to preserve tax incentive

by The Associated Press January 29, 2018January 30, 2018

In this Tuesday, Jan. 3, 2017, photo, a shipyard worker walks to his car at the end of the workday at Bath Iron Works in Bath. (AP file photo) AUGUSTA (AP) — Bath Iron Works is fighting to preserve a 20-year-old tax credit program that is worth tens of millions of dollars and set to […]

Maine, sj-web

Property tax break on way for Maine seniors

by The Associated Press July 29, 2014

AUGUSTA (AP) — Property tax relief is on the way for some Maine residents. The Portland Press-Herald reported (http://bit.ly/1uCIjZ1 ) that the Property Tax Fairness Credit designed to help seniors and lower-income families takes effect on Friday. The new law signed by Republican Gov. Paul LePage boosts the credit from $400 to $900 for taxpayers […]

Maine, sj-web

Property tax credit getting boost with new law

by Associated Press April 24, 2014

AUGUSTA (AP) — A new aw means that some low-and-middle income families will see their property tax credits double. The bill Republican Gov. Paul LePage recently signed raises a property tax credit for residents under the age of 65 to $600 from $300. The credits for resident ages 65 and older will rise from $400 […]