Maine § 2623. - Excise tax; payment to cities and towns one percent on stock held therein
Full text of Maine Maine Revised Statutes § 2623. — Excise tax; payment to cities and towns one percent on stock held therein, with citation guidance and answers to common questions.
§ 2623.. Excise tax; payment to cities and towns one percent on stock held therein
Every corporation, person or association operating any railroad in the State under lease or otherwise shall pay to the State Tax Assessor, for the use of the State, an annual excise tax for the privilege of exercising its franchises and the franchises of its leased roads in the State, which, with the tax provided for in section 561, is in place of all taxes upon the property of such railroad. [PL 1973, c. 268, §2 (AMD).]
Source: official Maine text · Last verified 2026-08-27
Frequently Asked Questions About Maine § 2623.
What does Maine Revised Statutes § 2623. cover?
Section 2623. ("Excise tax; payment to cities and towns one percent on stock held therein") is part of the Maine Revised Statutes, the codified statutory law of Maine. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maine § 2623.?
A common citation format is "Maine Revised Statutes § 2623." (Maine). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maine law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maine official source linked on this page or consult a licensed Maine attorney.
How does Maine § 2623. apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maine can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maine.