Important tax changes are coming to Maine landlords and property managers.
Maine legislators recently updated the state sales tax code with regard to rental property. The bill was passed to make the policies consistent with the best practices in other states' rental industry laws. The changes provide clearer definitions regarding tax exemption certificates for the property bought to conduct rental business.
Do you operate rental properties in Maine? Don't struggle with the legal language alone. We're here to help you review the changes in the sales and use tax for rental businesses. Let our experts ensure you're compliant and maximizing your tax benefits. Contact us today for a personalized consultation. We are your prescription for sales tax compliance.