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MAINE ENACTED LEGISLATION (SIGNED BY THE GOVERNOR) FEBRUARY 28, 2010 On February 23, 2010, Governor Baldacci signed a bill that enacts a 5% nontransferable tax credit on all qualified production expenses as well as a rebate program for wages that provides a reimbursement equal to 12% of the 1st $50,000 paid to each Maine resident and 10% of the 1st $50,000 paid to each nonresident. To qualify for the tax credit program the production must demonstrate that it is fully financed and that at least $75,000 will be spent. On-screen credit is required for any production using the program. For more information please contact: Joe Bessacini |
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