Maine LD 648: An Act To Increase the Earned Income Tax Credit for Maine Residents

LD 648 (subjects: INCOME TAX , CREDITS )

Official bill page at mainelegislature.org: http://www.mainelegislature.org/legis/bills/display_ps.asp?ld=648&PID=1456&snum=127


Sponsors | Actions | Bill Text | Patterns of Support


Sponsors

Principal Sponsor: Sen. Nathan Libby of Androscoggin: (D – District 21) — e-mail | Twitter | Facebook

4 Cosponsors:

Actions

Chamber

Action
3/3/2015 Senate Committee on TAXATION
suggested and ordered printed
On motion by Senator McCormick of Kennebec REFERRED to the Committee on TAXATION
Ordered sent down forthwith for concurrence.
3/3/2015 House Bill REFERRED to the Committee on TAXATION.
In concurrence. ORDERED SENT FORTHWITH.
5/28/2015 Senate Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)

Bill Text

.

An Act To Increase the Earned Income Tax Credit for Maine Residents

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

Sec. 1. 36 MRSA 5219-S, sub- 1, as amended by PL 2009, c. 213, Pt. BBBB, 16, is further amended to read:

1. Resident taxpayer. A resident individual is allowed a credit against the tax otherwise due under this Part in the amount of 5% 20% of the federal earned income credit for the same taxable year, except that for tax years beginning in 2009 and 2010, the applicable percentage is 4%.

Sec. 2. 36 MRSA 5219-S, sub- 2 and 3, as amended by PL 2009, c. 213, Pt. BBBB, 16, are repealed.

Sec. 3. Application. This Act applies to tax years beginning on or after January 1, 2015.

summary

This bill increases the earned income tax credit for Maine residents from 5% of the federal earned income credit to 20% of the federal earned income credit. This bill also repeals the eligibility of nonresidents and part-year residents for the Maine earned income tax credit.

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 648 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.

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