Excise Number Bulletin For Free

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.

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.

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

Taxes on What You Earn Individual Income Taxes.Corporate Income Taxes.Payroll Taxes.Capital Gains Taxes.Sales Taxes.Gross Receipts Taxes.Value-Added Taxes.Excise Taxes.

Excise taxes are taxes required on specific goods or services like fuel, tobacco, and alcohol. They are primarily taxes that must be paid by businesses, usually increasing prices for consumers indirectly. Excise taxes can be ad valorem (paid by percentage) or specific (cost charged by unit).

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.

Key Takeaways An excise tax is similar to a sales tax, but it's levied only on certain products or services. The most common excise taxes are imposed on tobacco, alcohol, and gasoline.The tax is generally payable by the manufacturer.

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.

(4) If a motor vehicle is leased for one month or longer, the excise tax must be paid where it would be paid if the lessee were the owner. C. Tax rate. The excise tax rates on motor vehicles are expressed in mills, meaning the tax assessed per $1,000 of manufacturer's suggested retail price (?MSRP?).

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.