Tax Agreement With Quoddy Bay LNG Approved
Posted on Mar 1, 2007 in Policy, Legislation and Politics, Regas Terminals & Capacity, State and Local Issues | Comments Off on Tax Agreement With Quoddy Bay LNG Approved
Voters in Indian Township, Maine, on Tuesday approved a tax agreement between Quoddy Bay LNG, the developer of an import facility proposed for Pleasant Point, and Passamaquoddy tribal members from the reservations at Indian Township and Pleasant Point. The agreement exempts Quoddy Bay LNG from paying real estate and personal property taxes and allows Pleasant Point to reduce the Tribal Employment Rights Ordinance tax on construction from 3% to 1%. The measure awaits final approval from a joint tribal council comprised of officials representing both reservations. Read more in The Bangor Daily News.