Bring Equity to Maine's Tax Law by Adjusting Certain Individual Income Tax Rates
|Sponsor:||Representative Grayson Lookner, House 37|
|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.