ANNUAL REPORTING REQUIREMENTS
Previous legislation, LD 1468, eliminated the requirement for businesses receiving $10,000 or more in tax incentives to file an annual Economic Development Incentive Report (EDIR) by August 1st. A Comprehensive Economic Development Evaluation (CEDE) of all entities served by state economic development programs was conducted instead. Please note, until further notice the CEDE will not be conducted. There is no action required on your part. If you have further questions concerning this, please contact your local Business Development Specialist.
For Pine Tree Development Zone (PTDZ) Certified Companies
- The PTDZ annual report requirement remains in effect, and DECD will notify businesses to file an annual report by March 15th on the company's net new jobs and investment activity.
For Employment Tax Increment Financing (ETIF)