Bring Equity to Maine's Tax Law by Adjusting Certain Individual Income Tax Rates

Last updated: May 23, 2021

Details about this bill
Category: Taxation
Status: Defeated
Sponsor: Representative Grayson Lookner, House 37
Session: 130
Bill #: LD 1500




Representative Lookner of Portland changes the individual income tax brackets to provide 4 brackets rather than 3. The bill adds a new bracket of 12.4% on taxable income exceeding $200,000 for single individuals and married persons filing separately, $300,000 for heads of households and $400,000 for individuals filing married joint returns and surviving spouses.