Excise Quantity Pdf For Free

Pay 5.5% Maine sales tax on the purchase price of the vehicle. Pay the appropriate registration fees based on type of plate selected. Vanity plates are available at any BMV branch office on selected plate types for an additional annual fee of $25.00.

Typical examples of excise duties are taxes on gasoline and other fuels and taxes on tobacco and alcohol (sometimes referred to as sin tax).

Interestingly, the word excise (ek-SIZE) used as a verb means to remove something by cutting it out. Good luck with excising the excise taxes! Definitions of excise. verb. remove by cutting.

For any commercial vessel, the tax payable shall be 50% of the value due under subsection 1. [PL 1983, c. 92, Pt. B, §9 (NEW).]

How is the excise tax calculated? Excise tax is calculated by multiplying the MSRP by the mill rate as shown below. The rates drop back on January 1st of each year. For example, the owner of a three year old motor vehicle with an MSRP of $19,500 would pay $263.25.

The following are exempt from the excise tax: State vehicles. Vehicles owned by this State or by political subdivisions of the State; ... Driver education. ... Volunteer fire departments. ... Dealers or manufacturers. ... Transporter registration. ... Railroads. ... Benevolent and charitable institutions. ... Literary and scientific institutions.

Divide the total market revenue by the total number of excise goods sold during the period ? this will give you the average tax base of the goods. Multiply the figure at step 4 by the appropriate tax rate to calculate the notional excise tax on the price.

The State of Maine registration fee is $35.00 for passenger vehicles weighing up to 6000 lbs. GVW (gross vehicle weight). Commercial vehicle rates are based on the GVW.