19-100-100 Me. Code R. § 4
Summary: This section establishes the reporting requirements for certified businesses conducting business activities within Pine Tree Development Zones.
For calendar years beginning on or after January 1, 2019, all certified PTDZ businesses must file an annual report with the Department by March 15th of the following year that provides the following information:
* The total number of Maine employees and total salary and wages for those employees for the report year;
* The total number of qualified PTDZ employees and total salary and wages for those employees for the report year;
* The number of qualified PTDZ employees hired within the report year;
* The amount of investments made during the report year at the qualified PTDZ business location or directly related to the qualified business activity; and
* In aggregate, the estimated or total value of PTDZ benefits received or claimed in the report year.
A certified business that fails to file the required annual report by the March 15th deadline, or submits an annual report and fails to meet program requirements, will be terminated from the program effective December 31st of the calendar year for which the reporting was required.
A certified PTDZ business shall submit information requested by the Department as part of the annual comprehensive economic development evaluation as defined by PL 2009 Chapter 337.
19-100 C.M.R. ch. 100, § 4