2018-02-13 / Maine

Idexx wants tax deal extended

WESTBROOK (AP) — A large veterinary technology company headquartered in Maine is seeking to extend a favorable property tax deal as it plans a major expansion.

The Portland Press Herald reports that Idexx Laboratories Inc. is asking Westbrook city officials to extend its tax increment financing deal for 10 years and include its planned 135,000-square-foot expansion as part of the agreement.

If the change is approved, the company could save about $1 million in property taxes every year until 2037.

The City Council will vote on the change Feb. 26.

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