Maine compliance at a glance
- Sales tax: 5.50% state rate. State 5.5%; uniform statewide. Lodging/meals 9%.
- Late fees: Up to 1.5% per month. (Me. Rev. Stat. tit. 9-B, §432) Default 6%/yr; contract rates up to 18%/yr.
- Prompt-pay law: Maine Prompt Payment Act (Me. Rev. Stat. tit. 10 §1111 for construction; tit. 5 §1551 for state). Construction subs paid within 7 days of GC receiving payment; 1% per month interest if late.