LD 495 – LD 495 An Act To Improve Income Tax Progressivity by Establishing New Top Individual Income Tax Rates

Rep. Osher-D This bill increases the tax rate on the current top bracket under the individual income tax from 7.15% to 8.35% and adds a new bracket of 11.15% on taxable income exceeding $100,000 for single individuals and married persons filing separately, $150,000 for heads of household and $200,000 for individuals filing married joint returns or surviving spouses.
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