LD1951

An Act to Promote Food Processing and Manufacturing Facility Expansion and Create Jobs

This bill amends the laws governing the income tax credit for major food processing and manufacturing facility expansion. It removes the requirement that an applicant's headquarters are, and have been for each of the last years prior to application for a certificate of approval, located in the State. It requires that an applicant employ or will employ within months of the start-up of the facility at least full-time employees based in the State. It changes the criteria to be considered a qualified and certified applicant.