Promote Fairness in Income Tax Rates by Making Them More Progressive

Last updated: Mar 21, 2021

Details about this bill
Category: Taxation
Status: In Committee
Sponsor: Representative Thom Harnett, House 83
Session: 130
Bill #: LD 1136

Position:

Opposed.

Summary:

Representative Harnett of Gardiner would change the individual income tax brackets to provide 4 brackets rather than 3. The bill adds a new bracket of 10.15% on taxable income exceeding $100,000 for single individuals and married persons filing separately, $150,000 for heads of households and $200,000 for individuals filing married joint returns and surviving spouses.