Maine — Taxes Not Imposed

3 sections.

• corporate-minimum-tax Maine imposes no minimum or fixed-dollar corporate income tax on general business corporations; the 1120B-ME franchise tax reaches financial institutions only
• partnership-income-tax Maine imposes no income tax on partnerships; the partners are taxed individually and no Maine partnership return or Maine K-1 exists
• pass-through-entity-tax Maine has not adopted an elective pass-through entity tax; pass-through income is taxed to the partners and shareholders, with nonresident withholding on Form 941P-ME