Maine
What's New
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blog
July 10, 2018Building on Momentum from Recent Years, 2018 Delivers Strengthened Tax Credits for Workers and Families
Despite some challenging tax policy debates, a number of which hinged on states’ responses to federal conformity, 2018 brought some positive developments for workers and their families. This post updates a mid-session trends…
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ITEP Work in Action
April 17, 2018Maine Center for Economic Policy: Comparing the Democratic and GOP tax bills
Because of the federal tax overhaul spearheaded by President Trump and Congressional Republicans, the Maine Legislature is considering two competing proposals to change its own tax code. Lawmakers face a…
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ITEP Work in Action
March 9, 2018Maine Center for Economic Policy Policy Brief: The LePage Tax Bill
On March 1, Gov. Paul LePage’s Administration presented a tax bill to the Legislature designed to mirror at the state level some of the reforms enacted by passage of the…
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ITEP Work in Action
August 17, 2017Maine Center for Economic Policy: Maine Millionaires Primary Recipients of Proposed Trump Tax Breaks
New analysis from the Institute on Taxation and Economic Policy (ITEP) shows Maine’s millionaires would get an average tax cut of $135,220 under President Trump’s proposed tax plan. Maine millionaires represent only 0.3 percent of all Maine… -
ITEP Work in Action
July 20, 2017Maine Center for Economic Policy: Trump Tax Plan Would Give Richest Maine Taxpayers an Average $53,000 Tax Cut and Trigger Deep Cuts to Federal Dollars for Maine
A new analysis from the Institute on Taxation and Economic Policy reveals a federal tax reform plan based on President Trump’s April outline would fail to deliver on its promise of helping middle-class taxpayers, showering three out of every five dollars of… -
blog
July 11, 2017State Rundown 7/11: Some Legislatures Get Long Holiday Weekends, Others Work Overtime
Illinois and New Jersey made national news earlier this month after resolving their contentious budget stalemates. But they weren’t the only states working through (and in some cases after) the…
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ITEP Work in Action
July 7, 2017Maine Center for Economic Policy: What Happens When Those with the Most Pay the Least Taxes?
With the 3 percent surcharge repealed, the state’s tax code is out of balance. Those with the most are asked to pay the least. This means a middle-class family keeps… -
blog
June 28, 2017State Rundown 6/28: States Scramble to Finish Budgets Before July Deadlines
This week, several states attempt to wrap up their budget debates before new fiscal years (and holiday vacations) begin in July. Lawmakers reached at least short-term agreement on budgets in… -
blog
June 21, 2017State Rundown 6/21: Crunch Time for Many States with New Fiscal Year on Horizon
This week several states rush to finalize their budget and tax debates before the start of most state fiscal years on July 1. West Virginia lawmakers considered tax increases as…
By the Numbers
| Personal Income Tax Features | |
|---|---|
| Range of Tax Rates | 0%-7.95% |
| Standard Deduction |
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| Personal Exemption | $4000 |
| Dependent Exemption | $4000 |
| Earned Income Tax Credit (EITC) | 5% Nonrefundable |
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| Corporate Income Tax Features | |
|---|---|
| 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 | |
|---|---|
| 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 |
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| Property Tax Features | |
|---|---|
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| Other Tax & Revenue Features | |
|---|---|
| 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