Tax

A bill to restart the Maine Seed Capital Tax Credit program rests now at the state's special appropriation table, where lawmakers will decide if the investment-encouraging program will continue. The Bangor Daily News reported Tim Agnew, a principal at Masthead Venture Partners in Portland, told the paper that the bill's placement at the special appropriation table is not a good sign for continuation of the program, which supporters say has encouraged investment in Maine companies. The program hit its $30 million cap earlier this year. It allowed state income tax credits of up to 60% of their cash equity to eligible Maine businesses, spread over four years.

To read the original article: Revival of seed tax credit program in jeopardy | Mainebiz.biz