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Of states with state or local sales tax, Maine has the third lowest in the country, according to a recent study by the Tax Foundation.
The study found the states with the lowest combined local and state sales tax were Alaska (1.7%), Hawaii (4.35%), Maine (5%), Wisconsin (5.3%) and Wyoming (5.5%). The study says that sales taxes can foster competition between jurisdictions — state or local — when there is a significant discrepancy between combined sales tax rates in adjacent jurisdictions, as with New Hampshire, which has no sales tax. Maine does not allow municipalities to levy their own sales taxes.
Charlie Colgan, a professor of public policy and management at the University of Southern Maine’s Muskie School of Public Service, told the Portland Press Herald that the tax discrepancy is, as a result, felt strongest near the New Hampshire border, particularly for higher-priced items. Colgan said that he doesn’t expect the state’s two-year sales tax increase that takes effect in October — from 5% to 5.5% — will have a significant impact on consumer spending in the years ahead.
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Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Few people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
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