Promote Fairness in Income Tax Rates by Making Them More Progressive
| Category: | Taxation |
|---|---|
| Status: | Defeated |
| Sponsor: | Representative Thom Harnett, House 83 |
| Session: | 130 |
| Bill #: | LD 1136 |
Position:
Opposed.
Summary:
Representative Harnett of Gardiner would change the individual income tax brackets to provide 4 brackets rather than 3. The bill adds a new bracket of 10.15% on taxable income exceeding $100,000 for single individuals and married persons filing separately, $150,000 for heads of households and $200,000 for individuals filing married joint returns and surviving spouses.