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Feb. 17—The Maine Public Utilities Commission approved a one-time $90 bill credit Thursday for approximately 90,000 low-income customers of Central Maine Power and Versant Power to help offset ...
In Maine, moderate income is defined as up to $70,000 for an individual or up to $100,000 for married couples filing jointly. Maine also offers up to $2,000 in tax credits for EV buyers of any ...
Program logo The Toyota Corolla was the program's top seller according to U.S. DoT [1] The Ford Explorer 4WD was the program's top trade-in according to the U.S. DoT [1]. The Car Allowance Rebate System (CARS), colloquially known as "cash for clunkers", was a $3 billion U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel ...
Tax increment financing in the state of Maine allows a town or city to define, after applying to the state, a certain region or business within its borders as a TIF district. The local tax revenues generated by that district are, one, dedicated to a specific project or economic development fund, and two, are not counted towards the municipality ...
Rebate amounts start at $350 and are based on a combination of income, household size and tax-filing status. Singles earning $250,000 or more and couples earning at least $500,000 are ineligible ...
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
Jun. 15—An updated statewide energy code for new homes and commercial buildings in Maine takes effect July 1, adding to the state's effort to fight climate change in a sector responsible for ...
For lower-income working people, who spend most of their income, taxes on consumption also have a significant disincentive effect; while higher-income people may be motivated more by prestige and professional achievement than by after-tax income. Any gain in economic efficiency from shifting taxes to consumption may be quite small, while the ...