Bring Equity to Maine's Tax Law by Adjusting Certain Individual Income Tax Rates
| Category: | Taxation |
|---|---|
| Status: | Defeated |
| Sponsor: | Representative Grayson Lookner, House 37 |
| Session: | 130 |
| Bill #: | LD 1500 |
Position:
Opposed.
Summary:
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.