Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Reimburses Maine businesses for local property taxes paid on qualifying new business equipment and machinery, reducing the effective cost of capital investment in manufacturing and processing.
Do I qualify?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Equipment must be new, first placed in service in Maine on or after April 1, 1995
2.Business must be in manufacturing, aquaculture, mining, tourism, or broadcasting
3.Reimbursement: 100% of property taxes paid on qualifying equipment
4.Application filed annually with Maine Revenue Services
5.Equipment must remain in Maine and continue to be used in qualifying business
LPO · United States
Offers federal loan guarantees for innovative clean energy projects that struggle to access conventional financing. Supports first-of-kind commercial-scale projects in renewable energy, storage, advanced nuclear, and industrial decarbonization.
NYSDEC · New York
Provides transferable tax credits for remediating contaminated brownfield sites and redeveloping them for residential, commercial, or industrial use, with enhanced credits for affordable housing and green buildings.
NCDOR · North Carolina
Provides state income tax credits for investments in renewable energy equipment and energy efficiency improvements for business properties in North Carolina, stackable with federal ITC.