AUGUSTA — A tax research group says Maine’s ranking for its business tax climate has improved to No. 30 nationally.
The Tax Foundation’s 2013 list shows an improvement from Maine’s No. 37 ranking. The Washington-based, nonpartisan group’s index compares the states in five areas of taxation that impact business: corporate, individual income and sales taxes, unemployment insurance taxes and taxes on property.
Maine’s Gov. Paul LePage is pleased with Maine’s new ranking. He notes that Maine had the biggest improvement in the Tax Foundation’s ranking this year, a result of the repeal of Maine’s alternative minimum tax and a change in treatment of net operating losses.
Additional changes to Maine’s tax structure, including lower brackets for individual income taxes that take effect Jan. 1, 2013, were not considered in this year’s report.
Copy the Story Link
Send questions/comments to the editors.
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.