As the year comes to a close, we want to remind you that Rep. Barbara Mikulski’s (D-Md.) Car Tax Credit that was included in the stimulus package this spring is still in effect, but not for much longer. Mikulski’s provision provides a state sales and excise deduction for all tax payers who purchased a new car [...]
For the uninitiated, the IRS is allowing up to $1300 tax credit for qualifying vehicles ($1700 for 2010 Golf TDI automatics), hybrids and clean burning diesels purchased prior to December 31st, 2010. The catch is that the credit is only allowed for the first 60,000 vehicles sold for each manufacturer. So how do you know [...]
More evidence that Maine lawmakers have never met a tax they didn’t like: The legislature will consider an 11-cents-per-gallon increase in the gas tax to help fund road repair, after the transportation committee approved the proposal without Republican support. The committee voted 9-4 in favor of the bill, with four of the five Republican members voting against it, [...]
Motor vehicle excise taxes are down or flat in cities and towns across the state as more people hold onto their old cars. In Maine, 68% of the population owns vehicles six years or older, which are taxed at the lowest rate possible, VillageSoup.com reported. In Scarborough, where the excise tax pot is expected to [...]
