The amount of the annual excise tax on a mining company is the mining company's gross proceeds multiplied by 0.05.
1. Tax on facilities and equipment.
2. Tax on gross proceeds.
Me. Rev. Stat. tit. 36, § 2856
Amount of annual excise tax
PL 1981, c. 711, §10 (NEW)
Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.