Excise Phone Bulletin For Free

No sales tax is charged to the lessee, and the lease payments are not subject to sales or use tax. If the property is returned to the lessor and leased to another Maine customer, no additional use tax is due. B.

The most common fees are: Passenger vehicles: $35. Motorcycles: $21. Disability plates: $35.

When you purchase a vehicle in Maine, the state collects a 5.5 percent state sales tax in addition to other fees listed within the sales contract, as found in the Sales Tax Handbook.

Motor Vehicle Excise Tax and Registration Fees First year $24.00 per $1000 of MSRP. Second year $17.50 per $1000 of MSRP. Third year $13.50 per $1000 of MSRP.

In Maine the excise tax is based on the MSRP (manufacturer's suggested retail price) of the vehicle when it was sold new....For example: Sticker price: $26000.00. Destination charges: $550.00. $26000.00 ? $550.00=$25450.00. $25450.00 x . 024=$610.80. The excise tax due will be $610.80.

Can I deduct any of these? Yes, you can claim a portion of the expenses. Maine is one of the states where you claim personal property tax in lieu of vehicle registration fees. So, you will claim the Excise Taxes you paid to your city or county based on your vehicle's value.

MANNER OF COMPUTATION: Specific Tax = No. of Units/other measurements x Specific Tax Rate. Ad Valorem Tax = No. of Units/other measurements x Selling Price of any specific value per unit x Ad Valorem Tax Rate.

When you purchase a vehicle in Maine, the state collects a 5.5 percent state sales tax in addition to other fees listed within the sales contract, as found in the Sales Tax Handbook.

Personal property tax. Mobile homes are not subject to personal property tax.

In general, an excise tax is a tax is imposed on the sale of specific goods or services, or on certain uses. Federal excise tax is usually imposed on the sale of things like fuel, airline tickets, heavy trucks and highway tractors, indoor tanning, tires, tobacco and other goods and services.