Amend Maine's Corporate Income Tax by Increasing the Top Rate from 8.93 Percent to 12.4 Percent
| Category: | Taxation |
|---|---|
| Status: | Defeated |
| Sponsor: | Representative Heidi Brooks, House 61 |
| Session: | 130 |
| Bill #: | LD 501 |
Position:
Monitoring.
UPDATE: The committee voted the bill unanimously Ought Not to Pass.
Summary:
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.