Reauthorize a 3 Percent Tax on Income over $200,000 To Lift All Maine Workers out of Poverty
| Category: | Taxation |
|---|---|
| Status: | Defeated |
| Sponsor: | Representative Michael Sylvester, House 39 |
| Session: | 130 |
| Bill #: | LD 498 |
Position:
Opposed.
UPDATE: The Committee voted in favor of the bill along party lines.
Summary:
Representative Sylvester of Portland would impose a 3% income tax surcharge on taxable income exceeding $200,000 and increases the Maine earned income tax credit to equal the federal earned income tax credit.