Budget & Taxes (Tax Incentives)

LD 1664 repeals Maine's Dirigo Business Incentives Program, which provided tax credits to businesses making eligible capital investments or offering qualified employee training in targeted sectors. The bill removes the program's legal foundation by repealing specific sections of Maine law (36 MRSA §191, sub-§2, ¶SSS, and §5219-AAA) that established the tax credit. This directly affects businesses previously eligible to claim these credits under the Dirigo program. The repeal eliminates the state's tax incentive for qualifying investments and training, ending the program's availability for new or existing participants.