Businesses
Government-funded
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 for a rules-based 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
CAEATFA · California
Full state and local sales and use tax exemption (7.25–10%) on equipment purchases for California manufacturers of solar, wind, batteries, EVs, fuel cells, and green building materials. Reduces equipment procurement costs with board pre-approval.
Utah OEO · Utah
30% state income tax credit on new employee wages for businesses creating 5+ jobs in rural Utah Economic Opportunity Zones. Meaningful incentive to locate outside Salt Lake's urban corridor, with a 5-year credit period.
GOED · Nevada
Sales tax abatements (up to 2%), property tax abatements, and Modified Business Tax credits for clean energy manufacturers locating or expanding in Nevada. Targets solar, wind, battery storage, and EV-related product manufacturers creating 10+ jobs.