StateSubsidies
Back to all incentives
Tax CreditMaineActiveVerified

Maine Business Equipment Tax Reimbursement

Maine Department of Economic and Community Development (DECD)ME-BETR
Max per Applicant

Varies

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

Maine

About This Program

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.

Key Requirements & Eligibility

  • 1Equipment must be new, first placed in service in Maine on or after April 1, 1995
  • 2Business must be in manufacturing, aquaculture, mining, tourism, or broadcasting
  • 3Reimbursement: 100% of property taxes paid on qualifying equipment
  • 4Application filed annually with Maine Revenue Services
  • 5Equipment must remain in Maine and continue to be used in qualifying business

Related Programs

Tax CreditFederalVerified

IRA Section 48 Standalone Battery Energy Storage Tax Credit

DOE ยท United States

Extends the Investment Tax Credit to standalone battery storage systems with capacity of at least 5 kWh, decoupled from solar. Projects in energy communities or using domestic content receive bonus credits up to 10% each.

Energy StorageClean TechnologyManufacturing
Details
Tax CreditFederalVerified

IRA Section 48C Advanced Energy Manufacturing & Recycling Tax Credit

DOE ยท United States

Provides a 30% investment tax credit for qualifying advanced energy projects, including manufacturing facilities for clean energy equipment and industrial decarbonization projects. Projects must be certified by the IRS through a competitive application process.

Energy ManagementManufacturingClean Technology
Closed (Dec 31, 2025)
Details
Tax CreditStateVerified

New York State Brownfield Cleanup Program Tax Credit

NYSDEC ยท 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.

Real EstateConstructionGovernment & Nonprofit+1
Details

Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

Official Source
Share:๐•in

Applicable Industries

ManufacturingAgriculture & RuralMaritimeTourism
Official Source