Pine Tree Development Zones

The Pine Tree Development Zone (PTDZ) program offers eligible businesses in Maine the chance to greatly reduce, or in some cases, virtually eliminate, state taxes for up to ten years.  Eligible businesses include firms engaged in any of the following sectors: biotechnology; aquaculture and marine technology; composite materials technology; environmental technology; advanced technologies for forestry and agriculture; manufacturing, including precision manufacturing; information technology; and financial services.

Benefit highlights include:

  • Elimination of Sales & Use Tax for 10 years
  • 100% Corporate Income Tax credit for 5 years; 50% credit for years 6-10
  • 80% ETIF

All Pine Tree Development Zone benefits can be "layered" over other available benefits. For example, Aroostook County is home to a federally designated Rural Empowerment Zone, entitling companies to federal tax credits up to $3,000 per employee. The federal tax credits can be taken in addition to the State tax credits for businesses located in the Empowerment Zone and eligible for the Pine Tree Zone.