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Article: Pine Tree Zone potential before Pittsfield council
- Article from:
- Bangor Daily News Bangor, ME
- Article date:
- January 31, 2004
- Author:
CopyrightCopyright 2004 Bangor Daily News Bangor, ME. Provided by ProQuest LLC. (Hide copyright information)
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PITTSFIELD - A brief business agenda Tuesday night will give
Pittsfield town councilors plenty of time to discuss economic
development and the possibility that the town will be successful in
being named a Pine Tree Zone.
Pittsfield is one of 21 owners of property in 19 towns that are
part of the state-sanctioned Pine Tree Zone application. Town Manager
Kathryn Ruth said Friday "This is very exciting and the business
owners within this designation are very excited."
By creating such a zone, businesses could see a 10-year sales tax
exemption for sales of personal property, a 100 percent reduction of
state income taxes for the first five years of any project and then a
50 percent reduction for ...