Income/Estate Tax
Franchise Tax
The Maine franchise tax is imposed on banks and financial institutions. The franchise taxpayer can choose between two tax options. Option 1 is a two-part tax consisting of 1% of Maine income and 0.008% of assets. Option 2 is a tax on assets only and is imposed at 0.039%% of Maine assets. The tax is imposed on all financial institutions with Maine income, even if the entity is organized as a pass-through organization.
Current Year (2008) Forms
These are forms due in 2009 on income earned in 2008.
Other Information
Guidance Documents
Summary of Tax Credits [PDF
version]
Pine Tree Development Zone Credit
Email Questions
