BUREAU INFORMATION

• Electronic Services
• Compliance
• Office of Tax PolicyFuel Tax
• Income/Estate
  • Corporate Income Tax
  • Employer Withholding
  • Estate Tax
  • Fiduciary Tax
  • Franchise Tax
  • Individual Income Tax
  • Partnerships,
    S Corporations & Composite Returns
  • Pass-Through Entity Withholding
  • Real Estate Withholding
  • Guidance Documents
  • Pine Tree Development Zone Credit
• Property Tax
• Sales/Use & Service Provider Tax
• Other Taxes
• Tax Relief
• FAQs
• Useful Links

Income/Estate Tax

Franchise Tax

The Maine franchise tax is imposed on banks and financial institutions. The franchise taxpayer can choose between two tax options. Option 1 is a two-part tax consisting of 1% of Maine income and 0.008% of assets. Option 2 is a tax on assets only and is imposed at 0.039%% of Maine assets. The tax is imposed on all financial institutions with Maine income, even if the entity is organized as a pass-through organization.

Current Year (2011) Forms
  These are forms due in 2012 for income earned and assets owned in 2011.

Other Information

Guidance Documents (including summary of tax credits)

Pine Tree Development Zone Credit

Email Questions

Contact Information:

P.O. Box 9107
Augusta, ME 04332-9107

Phone: 207-624-9670

Fax: 207-624-9694

 

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