Amend Maine's Corporate Income Tax by Increasing the Top Rate from 8.93 Percent to 12.4 Percent

Last updated: May 31, 2021

Details about this bill
Category: Taxation
Status: Defeated
Sponsor: Representative Heidi Brooks, House 61
Session: 130
Bill #: LD 501



UPDATE: The committee voted the bill unanimously Ought Not to Pass. 


Representative Brooks of Lewiston would increase the income tax rate on corporations in the top income tax bracket from 8.93% to 12.4% for tax years beginning on or after January 1, 2022.