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 Maine 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 (2022) Forms
These are forms due in 2023 for income earned and assets owned in 2022.
P.O. Box 1060
Augusta, ME 04332-1060