Annual Reporting Requirements

Businesses receiving $10,000 or more in tax incentives are no longer required to file an annual Economic Development Incentive Report (EDIR) by August 1st. The Comprehensive Economic Development Evaluation (CEDE) of all entities served by state economic development programs conducted to take its place has also been suspended. There is no action required on your part for these two items.

For Pine Tree Development Zone (PTDZ) Certified Companies

PTDZ-certified businesses will receive notification every year if they must file an annual report detailing net new jobs and investment activity. The notification, sent in January and with a March 15th deadline, spells out what form that report should take.

For Employment Tax Increment Financing (ETIF)

Businesses have until April 15th to file an ETIF reimbursement request for the previous calendar year reflecting net new hires.