Maine Reports & Information

NEWS & MEDIA

The Latest News from CTJ's Tax Justice Blog

• State News Quick Hits: Tech Company Heads to "Hi Tax" California, Arkansas is Opposite World, and More - 04/2013
• Quick Hits in State News: Even On Election Day, State Tax Debates Are In Full Swing - 11/2012
• Maine Governor Proposes Regressive Tax Break for Seniors - 08/2011



ITEP in the News

• The Morning Sentinel: Bipartisan plan to overhaul state income taxes unveiled today - 05/2013
• The Portland Press Herald: Bush-era tax cuts? Maine candidates have range of opinion - 08/2012



ITEP Numbers and Reports

• Who Pays? (Fourth Edition) - 01/2013
• Maine Center for Economic Policy: MECEP Urges Legislature to Expand and Simplify Maine's Property Tax "Circuit Breaker" - 04/2011
• ITEP Podcast on Maine Voters' Rejection of Tax Reform - download audio (.mp3) - 06/2010
• Maine Center for Economic Policy: TABOR II: A Danger to Maine's Economy, Communities, and People - 08/2009
• Maine Center for Economic Policy: Now is the Time for Tax Reform: Can LD 1088 Deliver? - 05/2009






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

• Maine State Tax Expenditure Report



State Statutes & Legislation

• Maine Revised Statutes
• Maine Legislature - Bill Tracking & Text Search



State Tax Forms

• Individual Income, Corporate Income, Estate, and Franchise Tax Forms
• Maine Residents Property Tax and Rent Refund "Circuit Breaker" Program





ORGANIZATIONS



• Maine Center for Economic Policy
• Maine Can Do Better

Maine
By the Numbers

Below is a snapshot of key features of Maine's tax system. (Scroll Down) State & Local Revenue (FY10) General Revenue, Own-Source (GROS): $7.8 billion General Revenue as a Share of Income: 16.2% Tax Revenue: $5.8 billion Tax Revenue as Share of income: 12.1% Personal Income Tax (Share of Tax Revenue): 22.3% (24 out of 51) Corporate Income Tax (Share of Tax Revenue): 3.0 % ( 21 out of 51) Sales & Excise Tax (Share of Tax Revenue): 28.7 % ( 39 out of 51) Property Tax (Share of Tax Revenue): 40.6 % ( 10 out of 51) Other Taxes (Share of Tax Revenue): 3.7 % (35 out of 51) Personal Income Tax Features (2012) Range of Tax Rates: 2.0% - 8.5% Standard Deduction: $5,950 ($11,900 for Married Couples) Personal Exemption: $2,850 Dependent Exemption: $2,850 Earned Income Tax Credit (EITC): 5% Nonrefundable Changes to rates (top rate drops to 7.95%) and personal exemption take full effect in 2013. Corporate Income Tax Features (2012) Range of Tax Rates: 3.50% - 8.93% Income Level at Which Top Rate Applies: $250,000 Combined Reporting: Yes Apportionment Factor (Payroll): 0% Apportionment Factor (Property): 0% Apportionment Factor (Sales): 100% Sales Tax Features (2012) 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 Streamlined Sales Tax Membership: No Property Tax Features (2012) Provides a circuit breaker for homeowners and renters of all ages Counties and municipalities subject to revenue caps based on inflation, new property growth, and income growth. Other Tax & Revenue Features (2012) Gasoline Tax Rate (per gallon): $0.315 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 Tax Policy Oversight Tax Expenditure Report: Yes Tax Incidence Analysis Capability: Multiple taxes Last Updated October 4, 2012 Sources & Glossary