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Tax CreditMaineActiveVerified

Maine Employment Tax Increment Financing (ETIF)

Maine Department of Economic & Community Development (DECD)ME-ETIF
Max per Applicant

Varies

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

Maine

About This Program

Returns a portion of Maine income tax withholdings generated by new employees back to qualifying businesses as a refundable tax credit. Businesses receive 30–80% of new payroll withholdings for up to 10 years.

Key Requirements & Eligibility

  • 1Business must create at least 5 net new full-time jobs paying above county average
  • 2Approved sectors: manufacturing, R&D, financial services, certain services
  • 3Reimbursement rate: 30–80% depending on county tier
  • 410-year benefit period from date of first eligible employee
  • 5Application before hiring; certified annually by DECD

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Apply or Learn More

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

Official Source
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Applicable Industries

ManufacturingTechnologyFinancial ServicesHealthcare
Official Source