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Maine real and tangible personal property in this State bears to | | the value of the decedent's federal gross estate. All property | | values under this section are as finally determined for federal | | estate tax purposes, except that for estates of decedents dying | | after December 31, 2002 that do not incur a federal estate tax, all | | property values are as finally determined by the assessor in | | accordance with the Code as if the estate had incurred a federal | | estate tax. The share of the federal credit used to determine the | | amount of a nonresident individual's estate tax under this section | | is computed without regard to whether the specific real or tangible | | personal property located in the State is marital deduction | | property. |
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| | | Sec. 6. 36 MRSA §5200, sub-§1, as enacted by PL 2005, c. 457, Pt. | | FFF, §1 and affected by §2, is amended to read: |
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| | | 1. Imposition and rate of tax. A tax is imposed for each | | taxable year at the following rates on each taxable corporation | or | | unitary business carried on by 2 or more members of an affiliated | | group: |
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| | If the Maine | The tax is: |
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| | | Not over $25,000 | 3.5% of Maine | |
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| | | $25,000 but not over $75,000 | $875 plus 7.93% |
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| | | $75,000 but not over $250,000 | $4,840 plus |
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| | | $250,000 or more | $19,418 plus | |
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| | | In the case of an affiliated group of corporations engaged in a | | unitary business with activity taxable only by Maine, the rates | | provided in this subsection are applied only to the first | | $250,000 of the Maine net income of the entire group and must be | | apportioned equally among the taxable corporations unless those | | taxable corporations jointly elect a different apportionment. The | | balance of the Maine net income of the entire group is taxed at | | 8.93%. |
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