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Overview of Maine Sales Tax and Nexus
- The sales tax rate in Maine is 5.5%, with exemptions for specific goods.
- Sales tax nexus in Maine can be physical or economic.
- Maine enacted an economic nexus law before the Wayfair decision.
- Sellers with nexus must register and file returns accordingly.
Sales Tax Guidelines for Maine
- Sales tax nexus is crucial for understanding tax obligations.
- Maine has a 5.5% state sales tax rate with exemptions.
- Compliance requires registration and timely filing of returns.
Additional Sales Tax Details for Maine
- No local taxes
- Nonprofits are exempt from sales tax on purchases
- SaaS transactions are not subject to sales tax
- Ice cream is taxed at the general rate of 5.5%
Maine Income Tax
- Maine imposes income tax on individuals, estates, and trusts.
- Tax rates range from 3.8% to 7.15% based on taxable income.