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Tax CreditMaineActiveVerified

Maine Employment Tax Increment Financing (ETIF)

Maine Department of Economic and Community Development (DECD)ME-ETIFRefreshed 1 month ago
Do I qualify?
Who can apply

Businesses

Government-funded

Max funding

Varies

Amount varies

Type

Tax Credit

Reduces tax liability

Deadline

Rolling

No fixed cutoff

Timing

Annual tax return

Claim with year-end filing

Complexity

Moderate

File with tax return

About This Program

Refunds a percentage of state income taxes paid by newly hired Maine workers back to the employer for up to 10 years. ETIF helps companies recover payroll-related costs when creating new jobs in manufacturing, software, and other targeted sectors.

Key Requirements & Eligibility

  • 1Minimum 5 net new full-time jobs within 2 years
  • 2Jobs must pay at least 100% of county average weekly wage
  • 3Eligible industries: manufacturing, software, aquaculture, fishing, tourism and more
  • 4Benefit: 30%–80% refund of state income taxes withheld from new hires
  • 510-year benefit period

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.

0 of 5 answered

1.Minimum 5 net new full-time jobs within 2 years

2.Jobs must pay at least 100% of county average weekly wage

3.Eligible industries: manufacturing, software, aquaculture, fishing, tourism and more

4.Benefit: 30%–80% refund of state income taxes withheld from new hires

5.10-year benefit period

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