An Act To Provide an Income Tax Credit for Logging Companies That Hire Maine Residents
Sec. 1. 36 MRSA §5219-FF is enacted to read:
§ 5219-FF. Credit for employers in the logging industry that employ residents of the State
This bill allows an income tax credit to an employer in the logging industry that employs residents of the State who are engaged primarily in the harvesting of timber in this State. The credit is equal to $2,500 for each full-time equivalent employee.