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Tax CreditMaineActiveVerified

Maine New Markets Capital Investment Tax Credit

Maine Revenue Services (MRS)ME-NMTC
Max per Applicant

Varies

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

Maine

About This Program

Mirrors the federal New Markets Tax Credit program with a 39% Maine income tax credit for qualified equity investments in Community Development Entities (CDEs) serving low-income Maine communities.

Key Requirements & Eligibility

  • 1Investment must be through a qualified Maine CDE
  • 2CDE must deploy capital in low-income communities (census tract LIC)
  • 3Credit: 39% of investment taken over 7 years
  • 4Investor must hold investment for full 7-year compliance period
  • 5CDE allocation from Maine Revenue Services required

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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

Real EstateManufacturingHealthcareGovernment & Nonprofit
Official Source