Maine § 36 §5162 Tax not applicable

Maine Statutes

§ 36 §5162 — Tax not applicable

Maine § 36 §5162

Title 36TAXATION

Part 8INCOME TAXES

Ch. 809IMPOSITION OF TAX ON ESTATES AND TRUSTS

This text of Maine § 36 §5162 (Tax not applicable) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 36, § 36 §5162 (2026).

Text

1.Associations taxable as corporations. An association, trust or other unincorporated organization which is taxable as a corporation for federal income tax purposes shall not be subject to tax under this chapter.

2.Exempt associations, trusts and organizations. An association, trust, or other unincorporated organization which by reason of its purposes or activities is exempt from federal income tax shall be exempt from the tax imposed by this Part except with respect to its unrelated business taxable income.

Free access — add to your briefcase to read the full text and ask questions with AI

1.
Associations taxable as corporations.
An association, trust or other unincorporated organization which is taxable as a corporation for federal income tax purposes shall not be subject to tax under this chapter.
2.
Exempt associations, trusts and organizations.
An association, trust, or other unincorporated organization which by reason of its purposes or activities is exempt from federal income tax shall be exempt from the tax imposed by this Part except with respect to its unrelated business taxable income.