Pine Tree Development Zones

Recent Stories

Tax break deals studied … and studied, but questions remain unresolved

Report Cover

Editor’s note: This is the second part in a two-part series about the state Pine Tree Development Zones. To read part one, click here.  

There are two ways the state spends money. One is by paying for goods and services, from roads to colleges to Medicaid. The other way is by not collecting taxes on some business, services and goods. Continue Reading →

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State lacks proof that $46m in Pine Tree Zone tax breaks created jobs

State house, photo John Christie

Editor’s note: This is the first part in a two-part series about the state Pine Tree Development Zones.  

Some people call tax breaks for businesses “economic development.”

Others call them “corporate welfare.”

In Maine, one of the names they go by is Pine Tree Development Zones. The premise of the program is that some businesses won’t create new jobs in Maine unless they get tax breaks. The program has cost as much as $46 million in lost taxes since 2003, according to Maine Revenue Service estimates. That’s money other taxpayers had to make up to help the state balance its budget. Continue Reading →

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