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143 chapters · 917 sections in this title.
36 M.R.S. § 2621-A Definitions
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As used in this chapter, unless the context indicates otherwise, the following terms have the following meanings. [PL 1983, c. 571, §5 (NEW).] 1. Net railway operating income. "Net railway operating income" means railway operating revenues, including debits and credits arising fr…
36 M.R.S. § 2623 Excise tax; payment to cities and towns one percent on stock held therein
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Every corporation, person or association operating any railroad in the State under lease or otherwise shall pay to the State Tax Assessor, for the use of the State, an annual excise tax for the privilege of exercising its franchises and the franchises of its leased roads in the S…
36 M.R.S. § 2624 Amount of tax
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The amount of the annual excise tax on railroads shall be ascertained as follows: The amount of the gross transportation receipts for the year ended on the 31st day of December preceding the levying of the tax shall be compared with the net railway operating income for that year.…
36 M.R.S. § 2625 Return and payment
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Every railroad company incorporated under the laws of this State or doing business in this State shall file with the State Tax Assessor annually, on or before April 15th, a railroad excise tax return, on a form prescribed by the State Tax Assessor. The tax must be paid in equal i…