Maine LD 27: An Act To Exempt Persons 67 Years of Age and Older from the State Income Tax

LD 27 (subjects: INCOME TAX , EXEMPTIONS )

Official bill page at mainelegislature.org: http://www.mainelegislature.org/legis/bills/display_ps.asp?ld=27&PID=1456&snum=127


Sponsors | Actions | Bill Text | Patterns of Support


Sponsors

Principal Sponsor: Rep. Eleanor Espling of New Gloucester: (R – District 65) — e-mail | Facebook

6 Cosponsors:

Actions

Chamber

Action
1/13/2015 House Committee on Taxation suggested and ordered printed.
The Bill was REFERRED to the Committee on TAXATION.
Sent for concurrence. ORDERED SENT FORTHWITH.
1/14/2015 Senate On motion by Senator McCormick of Kennebec, REFERRED to the Committee on Taxation, in concurrence.
5/5/2015 Senate Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)

Bill Text

.

An Act To Exempt Persons 67 Years of Age and Older from the State Income Tax

Be it enacted by the People of the State of Maine as follows:

Sec. 1. 36 MRSA 5126, as amended by PL 2011, c. 380, Pt. N, 11 and affected by 19, is repealed.

Sec. 2. 36 MRSA 5126-A is enacted to read:

5126-A. Personal exemptions; deductions

1. General. For income tax years beginning on or after January 1, 2013, a resident individual is allowed a deduction equal to the total amount of deductions allowed for personal exemptions in accordance with the Code, Section 151.
2. Individuals 67 years of age or older. For tax years beginning on or after January 1, 2015, a resident individual who has reached 67 years of age by the beginning of the tax year is allowed a deduction equal to the amount of any otherwise taxable income received by that individual during the tax year. This deduction does not apply to income received jointly with a person who has not reached 67 years of age at the beginning of the tax year.

Sec. 3. 36 MRSA 5250, sub- 2, B, as amended by PL 1997, c. 668, 36, is further amended to read:

B. The dollar amount of each withholding allowance in this State must be equivalent to the amount of the personal exemption determined in section 5126 5126-A whether the individual is a resident or a nonresident. [PL 1997, c. 668, 36 (AMD).]

Summary

This bill exempts from the state income tax income of residents who are 67 years of age or older unless the income is received jointly with a person who has not reached 67 years of age.

Patterns of Support

Pattern of Cosponsorship by Region:

Pattern of Cosponsorship by Gender:

Pattern of Cosponsorship by Party:

Pattern of Cosponsorship by Campaign Finance Classification:

Note: Maine Clean Elections Act (MCEA) Qualified candidates only accept a small dollar value of initial contributions early in their campaigns, pledge not to accept further campaign contributions from private sources, and receive public funding for their campaigns. MCEA Non-Qualified candidates choose not to obtain public funding and instead are free to accept campaign contributions from individuals, party committees, political action committees and business sources.


This information about LD 27 was last updated on 2016-05-12.
The Open Maine Politics website is in a beta release and results should not be taken as definitive. Please visit the official website of the Maine State Legislature for entirely verifiable information.

Share this page…Share on FacebookTweet about this on TwitterShare on Google+Share on LinkedInShare on TumblrDigg thisShare on RedditEmail this to someonePrint this page

Be the first to comment on "Maine LD 27: An Act To Exempt Persons 67 Years of Age and Older from the State Income Tax"

Leave a comment

Democracy thrives on participation; please share your thoughts!
Your email address will not be published. Required fields are marked *

Your email address will not be published.


*