Northern Maine - Economic Advantage - Fuel & Electricity Sales Tax Exemptions

FUEL ELECTRICITY SALES TAX EXEMPTION

Eligible Businesses:	Any business that purchases fuel and/or electricity for use in its manufacturing operation.

Program Summary:	Manufacturers are exempt from paying 95% of the sales tax on fuel and/or electricity used in the manufacturing operation.

Program Valuation Example:

Investment Assumptions	Annual Electricity Expenses	$100,000
	Annual Fuel Expenses	$60,000
	Annual Fuel Expenses
ROI & Program Valuation	State Sales Tax Liability	$8,000
	Fuel & Electricity Sales Tax Exemption	$7,600
	State Sales Tax Liability after Exemption	$400
	Total Value of Fuel and Electricity Sales Tax Exemptions:	$7,600