Maine LD 835: An Act To Amend the Individual Income Tax Laws

LD 835 (subjects: INCOME TAX , RATE )

Official bill page at mainelegislature.org: http://www.mainelegislature.org/legis/bills/display_ps.asp?ld=835&PID=1456&snum=127


Sponsors | Actions | Bill Text | Patterns of Support


Sponsors

Principal Sponsor: Rep. Ryan Tipping-Spitz of Orono: (D – District 123) — e-mail | Twitter | Facebook

4 Cosponsors:

Actions

Chamber

Action
3/10/2015 House Committee on Taxation suggested and ordered printed.
The Bill was REFERRED to the Committee on TAXATION.
Sent for concurrence. ORDERED SENT FORTHWITH.
3/11/2015 Senate On motion by Senator McCormick of Kennebec, REFERRED to the Committee on Taxation, in concurrence.
5/28/2015 Senate Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)

Bill Text

.

An Act To Amend the Individual Income Tax Laws

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

Sec. 1. 36 MRSA 5111, sub- 1-D, as enacted by PL 2013, c. 368, Pt. Q, 4, is amended to read:

1-D. Single individuals and married persons filing separate returns; tax years beginning 2014. For tax years beginning on or after January 1, 2014 but not later than December 31, 2014, for single individuals and married persons filing separate returns:

If Maine Taxable income is: The tax is:
At least $5,200 but less than $20,900 6.5% of the excess over $5,200
$20,900 or more $1,021 plus 7.95% of the excess over $20,900

Sec. 2. 36 MRSA 5111, sub- 1-E is enacted to read:

1-E. Single individuals and married persons filing separate returns; tax years beginning 2015. For tax years beginning on or after January 1, 2015, for single individuals and married persons filing separate returns:

If Maine Taxable income is: The tax is:
At least $5,200 but less than $20,900 6.5% of the excess over $5,200
$20,900 but less than $120,000 $1,021 plus 7.95% of the excess over $20,900
$120,000 or more $8,899 plus 10% of the excess over $120,000

Sec. 3. 36 MRSA 5111, sub- 2-D, as enacted by PL 2013, c. 368, Pt. Q, 6, is amended to read:

2-D. Heads of households; tax years beginning 2014. For tax years beginning on or after January 1, 2014 but not later than December 31, 2014, for unmarried individuals or legally separated individuals who qualify as heads of households:

If Maine Taxable income is: The tax is:
At least $7,850 but less than $31,350 6.5% of the excess over $7,850
$31,350 or more $1,528 plus 7.95% of the excess over $31,350

Sec. 4. 36 MRSA 5111, sub- 2-E is enacted to read:

2-E. Heads of households; tax years beginning 2015. For tax years beginning on or after January 1, 2015, for unmarried individuals or legally separated individuals who qualify as heads of households:

If Maine Taxable income is: The tax is:
At least $7,850 but less than $31,350 6.5% of the excess over $7,850
$31,350 but less than $180,000 $1,528 plus 7.95% of the excess over $31,350
$180,000 or more $13,346 plus 10% of the excess over $180,000

Sec. 5. 36 MRSA 5111, sub- 3-D, as enacted by PL 2013, c. 368, Pt. Q, 8, is amended to read:

3-D. Individuals filing married joint return or surviving spouses; tax years beginning 2014. For tax years beginning on or after January 1, 2014 but not later than December 31, 2014, for individuals filing married joint returns or surviving spouses permitted to file a joint return:

If Maine Taxable income is: The tax is:
At least $10,450 but less than $41,850 6.5% of the excess over $10,450
$41,850 or more $2,041 plus 7.95% of the excess over $41,850

Sec. 6. 36 MRSA 5111, sub- 3-E is enacted to read:

3-E. Individuals filing married joint return or surviving spouses; tax years beginning 2015. For tax years beginning on or after January 1, 2015, for individuals filing married joint returns or surviving spouses permitted to file a joint return:

If Maine Taxable income is: The tax is:
At least $10,450 but less than $41,850 6.5% of the excess over $10,450
$41,850 but less than $240,000 $2,041 plus 7.95% of the excess over $41,850
$240,000 or more $17,794 plus 10% of the excess over $240,000

summary

This bill creates a new income tax bracket with a rate of 10% and a threshold of $120,000 for single filers, $180,000 for head-of-household filers and $240,000 for persons filing joint returns.

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 835 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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