Defense Giant General Dynamics Holds Maine Town Hostage Over Tax Exemptions
Maine legislators have a hot potato in their hands. But they don’t seem to be feeling any pain. On March 6, their Taxation Committee, controlled by the Democratic Party, voted 8-2 to send LD 1781 to the floor with an “ought-to-pass” recommendation. That bill calls for Maine to provide Bath Iron Works (BIW) with a $60 million tax credit extending over 20 years. The proposed legislation would renew a previous 20 – year, $60 million tax exemption that ended in 2017.
