Maine Debates Tax-Free Business Zones

Hungry for new business investment, Maine is considering new tax-free zones to encourage increased investment and jobs in the state's distressed communities and regions.

Maine Gov. John Baldacci wants to give additional tax breaks to businesses that move to Maine's economically struggling regions. The governor's proposal to establish "Pine Tree Development Zones" that create tax-free zones in many regions across the state. The proposal has appears to have strong political support in the Legislature. Some people however say the Governor's proposal could amount to a corporate windfall and shift the state's tax burden to residents and existing businesses.

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