Amend the Maine Exclusion Amount in the Estate Tax
| Category: | Taxation |
|---|---|
| Status: | Defeated |
| Sponsor: | Representative Benjamin Collings, House 42 |
| Session: | 130 |
| Bill #: | LD 1524 |
Position:
Opposed.
Summary:
Representative Collings of Portland would return the exclusion amount, below which the Maine estate tax does not apply, to $2,000,000 from the $5,600,000 in current law for estates of decedents dying on or after January 1, 2022.