Get an estimate of the value of Maine’s key tax incentive programs for your business
Information on rulemaking for the new Dirigo Business Incentives Program
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- Tax Incentives
- Tax Credits and Exemptions
Tax Incentives
Pine Tree Development Zone Program (PTDZ)
Greatly reduce state taxes for up to ten years when your business creates net new, quality jobs in certain business sectors or moves existing jobs in those sectors to Maine.
Employment Tax Increment Financing (ETIF)
Receive a payment of up to 3.6% of the income of your new, well-compensated employees for 10 years, depending on your location.
Opportunity Zones
Reduce capital gains taxes on your investments in specific underserved communities in Maine through this federal tax incentive program.
Municipal Tax Increment Financing (MTIF)
Leverage new property taxes generated by a specific development to finance public or private projects. Municipalities create MTIF districts, often in partnership with businesses.
Tax Credits and Exemptions
Business Equipment Tax Relief Programs
Receive up to a 100% tax exemption from personal property taxes on your eligible business equipment.
Additional Tax Credits and Sales Tax Exemptions
Tax credits are available for R&D expenses and the production of renewable chemicals and biofuels. Maine state sales tax exemptions are available for manufacturing, R&D, custom computer programming, fuel & electricity, commercial agricultural and aquacultural production, and biotechnology. Renewable energy equipment is exempt from local property tax.
Maine Capital Investment Credit (PDF)
Income tax credit for placing depreciable property in service at your business in Maine during the tax year.
Maine Seed Capital Tax Credit Program
Income tax credit for your investment in a Maine business as an individual or venture capital fund.
Education Opportunity Tax Credit (Opportunity Maine)
Reimburses student loan payments for college graduates who live and work in Maine. The tax credit is also available to businesses that make student loan payments for their employees.
Work Opportunity Tax Credit
Credit against your income or Social Security tax for hiring members of a specified target group at your business.
Maine New Markets Capital Investment Program
State tax credit for your equity investment in a Community Development Entity.
State Historic Rehabilitation Tax Credit
State tax credit for your rehabilitation of a historic structure, tied to the federal Historic Rehabilitation Credit.