The Senate on Thursday voted to save a program that provides tax credits to people who invest in Maine startup companies.
The Maine Seed Capital Tax Credit program, which is said to have attracted roughly $70 million in investments in Maine companies, reached its lifetime cap of $30 million in tax credits in January.
The Legislature this session approved a bill, LD 734, that would extend and expand the program, but it didn’t make it into the state budget. It includes what’s known as a fiscal note, essentially what the tax credits would cost the state over the course of its two-year budget, and it was placed on the special appropriations table, where bills often die for lack of funding.
To read the original article: Senate saves program that attracts investments to Maine startup companies — Business — Bangor Daily News — BDN Maine
