Excise Equation Record For Free

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.

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.

Except for a few statutory exemptions, all vehicles registered in the State of Maine are subject to the excise tax. Excise tax is defined by Maine law as a tax levied annually for the privilege of operating a motor vehicle or camper trailer on the public ways.

How do I pay for overdue excise taxes that have been marked at the Registry of Motor Vehicles for non-renewal? Payment at this point must be made through our Deputy Collector Kelley & Ryan Associates (508) 473-9660. For your convenience payment can be made online through their website .

Excise tax bills are due annually for every vehicle owned and registered in Massachusetts. Excise tax bills are prepared by the Registry of Motor Vehicles and billed by the local community where the vehicle is garaged. The minimum excise tax bill is $5.

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.

The amount of revenue collected by the government can then be calculated by multiplying the excise tax itself (t) by the quantity of goods that will be produced at this equilibrium (Q).