LD 1500 – LD 1500 An Act To Bring Equity to Maine’s Tax Law by Adjusting Certain Individual Income Tax Rates

Rep. Lookner-D This bill 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.
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