Cover story piece about Maine's Business Equipment Tax Reimbursement (BETR) prog
Cover story piece about Maine's Business Equipment Tax Reimbursement (BETR) program, and Tax Increment Financing (TIF) agreements. Companies that participate in both programs, called double dipping, first pay their entire property tax bills, which include both equipment and real estate taxes. The municipilaity then refunds the company as a result of their TIF agreeement, which is often based largely on business equipment. The company then takes the same property tax bill and submits it to the state for another refund through BETR. Several legislative attempts to eliminate the double-dipping have failed. With details on double-dipping by Fairchild Semiconductor and National Semiconductor in South Portland, Bath Iron Works in Bath, and Trambrans in Auburn.
Bath Iron Works, Business Equipment Tax Reimbursement Program, Fairchild Semiconductor Corp, National Semiconductor Corp South Portland, Tax increment financing
Wendell, Mary Lou, "Cover story piece about Maine's Business Equipment Tax Reimbursement (BETR) prog" (2000). Maine News Index – Portland Phoenix. 66.