This bill allows an agricultural enterprise to qualify for the Maine Seed Capital Tax Credit Program, which provides an eligible business a tax credit for investments in plant, equipment, research and development, or working capital for the business or such other business activity as may be approved by the Finance Authority of Maine. The bill allows an agricultural enterprise determined eligible by the authority to qualify for a tax credit for investments made in infrastructure, not including real estate, but including any improvement that expands the marketing, production or processing of agricultural products, in addition to the qualifying investments that may be made by a business.

Statutes affected:
Bill Text LD 1699, HP 1134: 10.1100, 36.5216