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Old 08-02-2017, 07:23 AM
 
Location: Central Maine
565 posts, read 935,249 times
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Trying to find out if you pay the same excise tax leasing a new car, as if you were buying it?

Seems most states don't make you do this, instead paying the tax based on the lease payments.... but I cant find anything online about Maine saying this. Almost seems like you pay the full amount.
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Old 08-02-2017, 08:13 AM
 
Location: Maine
6,631 posts, read 13,541,520 times
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Yes. There's no break for leases.
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Old 08-02-2017, 04:12 PM
 
3,925 posts, read 4,129,715 times
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But the good thing is that most of the money goes back into the town where you paid it, not some state agency. Also this is a tax that you can take off as a credit on your state income taxes because its essentially a LOCAL tax. My tax program has done this for 6 years now.
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