One project will bring 260 housing units, another 144 units, and both will benefit from tax breaks meant to encourage housing development in Augusta.
tax break
Posted inLocal & State, News
Portland City Council considers expanding property tax relief program
Many residents have been complaining about their skyrocketing tax bills in the wake of the city’s recent revaluation finalized in August.
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Posted inBusiness, Food, Local & State, News
How will Trump’s tax breaks on tips affect Maine workers?
Experts weigh in on how this provision of President Trump’s ‘One Big Beautiful Bill’ will work.
Posted inLocal & State, News, Politics
Bipartisan tax break for retirees on the chopping block
A tax deduction on pension income won bipartisan support three years ago, but is now at the center of a partisan battle over tax increases in the proposed two year-budget.
Posted inBusiness, Nation & World, News, Politics
Republicans pitch tax cuts for corporations, the wealthy in 2025
Corporate tax breaks under consideration could expand the national debt by roughly $1 trillion over the next decade, according to researchers.
Posted inBusiness, Local & State
Pollute less, profit more: How Maine industry is rewarded for cutting down emissions and wastewater
A state tax exemption benefits industrial companies for cutting down on pollution but also draws millions of dollars away from small-town tax revenue, and never expires.
Posted inBusiness, Local & State, News, Uncategorized
Ready to rev an electric vehicle? Maine buyers are running into roadblocks
It’s not just how hard it is to find an EV amid pent-up demand; there’s also tight financing and a web of complex tax credits.
Posted inLocal & State, News
Proposal for housing on Augusta’s Western Avenue approved, awarded 30-year tax break
Developer of Stevens Commons in Hallowell plans to build a 38-unit apartment building at 99 Western Ave. in Augusta.
Posted inTimes Record
Mid Coast United Way calls for volunteers, participants for tax break program
The United Way of Mid Coast Maine’s free CA$H Program works to ensure those eligible for tax credits, such as the Earned Income Tax Credit or the Childcare Tax Credit, apply for them.
Posted inEditorials, Opinion
Our View: Maine can’t prove tax credit program works
The lack of reliable data makes it impossible to know whether a business development program was just an investor giveaway.