Amend the Maine Exclusion Amount in the Estate Tax

Category: | Taxation |
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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.