Code of Maine Rules
18 - DEPARTMENT OF ADMINISTRATIVE AND FINANCIAL SERVICES
125 - BUREAU OF REVENUE SERVICES
Chapter 808 - CORPORATE INCOME TAX NEXUS
Section 125-808-.03 - ACTIVITIES ESTABLISHING NEXUS; TAX YEARS BEGINNING PRIOR TO JANUARY 1, 2022
Universal Citation: 18 ME Code Rules ยง 125-808-.03
Current through 2024-13, March 27, 2024
For tax years beginning prior to January 1, 2022, a corporation generally has income tax nexus with Maine if it (a) does business in Maine; or (b) owns or uses any part or all of its capital, plant, or other property in Maine in a corporate capacity, as opposed to a strictly fiduciary capacity.
A. Doing business. Without limitation, a corporation does business in Maine if it engages in any of the following activities in this state:
1. Maintains an office or other place of
business;
2. Executes a
contract;
3. Exercises or enforces
contract rights;
4. Buys, sells or
procures services or property; or 5. Employs labor.
B. Owning or using property. Without limitation, a corporation owns or uses property in Maine if it:
1. Owns property that is held by another
person in this State under a lease, consignment, or other
arrangement;
2. Uses in this State
property that it holds under a lease, license, or other arrangement; or
3. Maintains a stock of goods in
this State.
Disclaimer: These regulations may not be the most recent version. Maine may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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