Maine
What's New
-
ITEP Work in Action
February 17, 2017Maine Center for Economic Policy: Testimony in Opposition to Governor’s Proposed Budget, Parts D, E, and F
These proposed tax changes would stand in the way of building thriving communities and a strong Maine economy. There is a direct correlation between state resources and the ability to…
-
ITEP Work in Action
February 2, 2017Maine Center for Economic Policy: Upside-down tax plan, missed opportunity, and unnecessary and harmful cuts in the governor’s budget proposal
At a time when Maine families are falling out of the middle-class, when experienced workers need new skills to secure good paying jobs in a modern economy, and when state…
-
ITEP Work in Action
January 19, 2017Maine Center for Economic Policy Releases Findings Related to Distributional Impacts of Governor LePage’s Budget Proposal
MECEP finds that Governor LePage’s budget proposal includes an upside down tax plan that will lead to the following outcomes: Taxes will go up on average for Maine families…
-
ITEP Work in Action
November 1, 2016Maine Center for Economic Policy: Moving Maine Students to the Head of the Class
“This November, Maine voters will consider a ballot initiative (Question 2) that rolls back recent tax breaks for the wealthy and dedicates this revenue toward additional state level resources for… -
ITEP Work in Action
February 29, 2016Maine Center for Economic Policy: When Budgets Unravel: Unlimited deductions will jeopardize schools and safety When Budgets Unravel: Unlimited deductions will jeopardize schools and safety
Read the full report here “Legislators passed a bipartisan budget last year that funds schools, communities, and programs that give a hand up to those most in need. The budget… -
ITEP Work in Action
October 21, 2015Maine Center for Economic Policy: MECEP Analysis: Better Deal for Maine “Provides Bigger Tax Cuts for More Mainers”
The Maine Center for Economic Policy (MECEP) today released “Distributional Analysis: ‘Better Deal’ Provides Bigger Tax Cuts for Most Mainers while Increasing Investment in Education and Other Critical Services,” a…
-
ITEP Work in Action
October 21, 2015Maine Center for Economic Policy: Eliminating Maine’s income tax: A boon to wealthy Mainers, will hurt everyone else
Two weeks ago Governor LePage notified lawmakers of his intention to amend Maine’s constitution to eliminate the state’s income tax by 2020. This may mean the governor has thrown in… -
ITEP Work in Action
October 21, 2015Maine Center for Economic Policy: Republican Tax Plan Gives Huge Tax Breaks to the Wealthy While Raising Taxes for Working Mainers and Seniors
Legislative Republicans have released a tax plan that is a bad deal for working Mainers and seniors living on fixed incomes. Based on preliminary analysis the Maine Center for Economic… -
ITEP Work in Action
October 21, 2015Maine Center for Economic Policy: Everything you need to know about the Democratic and Republican tax plans in one chart
Last week Republican legislators released their proposal for overhauling Maine’s tax system. The plan includes income and corporate tax cuts, and eliminates the estate tax, all disproportionately benefiting Maine’s wealthiest…
By the Numbers
| Personal Income Tax Features (2015) | |
|---|---|
| Range of Tax Rates | 0%-7.95% |
| Standard Deduction |
|
| Personal Exemption | $4000 |
| Dependent Exemption | $4000 |
| Earned Income Tax Credit (EITC) | 5% Nonrefundable |
|
|
|
| Corporate Income Tax Features (2015) | |
|---|---|
| Range of Tax Rates | N/A |
| Income Level at Which Top Rate Applies | N/A |
| Combined Reporting | 3.50% - 8.93% |
| Apportionment Factor (Payroll) | $250,000 |
| Apportionment Factor (Property) | Yes |
| Apportionment Factor (Sales) | 0% |
| Sales Tax Features (2015) | |
|---|---|
| State Sales Tax Rate | 5.00% |
| Average Local Sales Tax Rate | N/A |
| Average Combined State & Local Sales Tax Rate | 5.00% |
| State Sales Tax Treatment of Groceries | Exempt |
| Local Sales Tax Treatment of Groceries | N/A |
| Number of Services Taxed | 25 out of 168 surveyed (2007) |
| Streamlined Sales Tax Membership | No |
|
|
|
| Property Tax Features (2015) | |
|---|---|
|
|
| Other Tax & Revenue Features (2015) | |
|---|---|
| Gasoline Tax Rate (per gallon) | $0.301 |
| Diesel Tax Rate (per gallon) | $0.327 |
| Cigarette Tax Rate (per pack) | $2.00 |
| Estate or Inheritance Tax | Yes |
| Net Lottery Sales Per Capita | $153 (2010) |
| Tax Policy Oversight | |
|---|---|
| Tax Expenditure Report | Yes |
| Tax Incidence Analysis Capability | Multiple taxes |
Last updated January 13, 2015
RESOURCES
State Tax & Revenue Information
- Maine Department of Revenue Services
- Maine Bureau of the Budget
- Maine State Legislature - Office of Fiscal & Program Review - Tax Information
- Maine State Legislature - Office of Policy & Legal Analysis
Tax Expenditure Reports
State Statutes & Legislation
State Tax Forms
- Individual Income, Corporate Income, Estate, and Franchise Tax Forms
- Maine Residents Property Tax and Rent Refund "Circuit Breaker" Program