Maine Statutes
§ 36 §2623 — Excise tax; payment to cities and towns one percent on stock held therein
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 State, which, with the tax provided for in section 561, is in place of all taxes upon the property of such railroad.
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Maine § 36 §2623 (Excise tax; payment to cities and towns one percent on stock held therein) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
P&SL 1969, c. 154, §E (AMD). PL 1973, c. 268, §2 (AMD).
Nearby Sections
15
§ 36 §2621
Annual returns§ 36 §2621-A
Definitions§ 36 §2622
Penalties§ 36 §2624
Amount of tax§ 36 §2625
Return and payment§ 36 §2626
Payment schedule§ 36 §2627
Abatement§ 36 §2681
Returns of operators§ 36 §2682
Penalty§ 36 §2683
Companies taxable§ 36 §2684
Computation; telephone companies§ 36 §2685
-- telegraph companies§ 36 §2686
Returns of operators