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Georgia has a 5.75 percent corporate income tax rate. Georgia also has a 4.00 percent state sales tax rate and an average combined state and local sales tax rate of 7.38 percent. Georgia has a 0.72 percent effective property tax rate on owner-occupied housing value.
How are other types of businesses taxed in Maine? The owners of sole proprietorships, partnerships, S corporations, and limited liability companies (LLCs) are taxed on a personal level for their shares of the businesss profits, at their applicable individual income tax rate.
State Corporate Income Tax Rates as of January 1, 2024 StateRates Maine 8.93% Maryland 8.25% Massachusetts 8.0% Michigan 6.0% 79 more rows Jan 23, 2024
Maine imposes an income tax on all entities organized as corporations and that have Maine-source income. The corporate income tax is graduated, with rates ranging from 3.5% (for income up to $350,000) to 8.93% (for income in excess of $3,500,000).
Corporate tax rates by state StateState Corporate Tax Rate Alaska 0% 9.4% Arizona 4.9% Arkansas 1% 4.8% California 8.84%47 more rows May 6, 2024
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IMPORTANT. The 2024 Maine personal exemption amount is $5,000 and the Maine basic standard deduction amounts are $14,600* for single and $29,200* for married individuals filing joint returns.
Corporate tax is assessed as follows: Adjusted federal taxable income of $0-$350,000: 3.5% of adjusted federal taxable income. Greater than $350,000 but not over $1.05 million: $12,250 plus 7.93% of the excess over $350,000.
Maine state income tax rates Maine applies a graduated income tax system with three brackets, ranging from 5.8% to 7.15%. The percentage you pay depends on your taxable income and your filing status. State income taxes in Maine are due on April 15, 2025, unless you file for an extension.

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