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Saturday, November 16, 2024

Residents and visitors to Maine paid $4.4 billion in taxes in 2018

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Maine collected $4.4 billion in taxes in 2018, a 4.2 percent increase from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Most tax revenue came from sales and gross receipts taxes ($2.3 billion) and income taxes ($1.8 billion).

The STC survey includes five broad tax categories and up to 25 subcategories. Data is gathered from all 50 state governments and all dependent state-level entities.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Below is a breakdown of how taxes were classified by the bureau and how much was collected.

2018 Maine Tax Collections
Type of TaxAmount
Property taxes$39,308,000
Sales and gross receipts taxes$2,250,293,000
License taxes$281,155,000
Income taxes$1,790,833,000
Other taxes$49,043,000
General sales and gross receipts taxes$1,529,113,000
Selective sales and gross receipts taxes$721,180,000
Alcoholic beverages sales tax$19,647,000
Amusements sales tax$56,264,000
Insurance premiums sales tax$99,654,000
Motor fuels sales tax$250,468,000
Pari-mutuels sales tax$1,435,000
Public utilities sales tax$21,573,000
Tobacco products sales tax$132,950,000
Other selective sales and gross receipts taxes$139,189,000
Alcoholic beverages license$6,237,000
Amusements license$536,000
Corporations in general license$11,095,000
Hunting and fishing license$16,578,000
Motor vehicle license$112,557,000
Motor vehicle operators license$10,816,000
Public utilities license$0
Occupation and business license, nec$113,492,000
Other license taxes$9,844,000
Individual income taxes$1,605,096,000
Corporations net income taxes$185,737,000
Death and gift taxes$13,801,000
Documentary and stock transfer taxes$35,242,000
Severance taxes$0
Taxes, nec$0

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