Maine Capitol Update
Advocates for restoring higher income taxes are proposing legislation that is a variation of a 2016 referendum proposal. LD 1089 would impose a 4% surtax in taxable incomes above $1,000,000 and use the revenues to support State funding of local education costs. As proposed, LD 1089 would make Maine second only to California for the highest state tax rate on taxable incomes over $1 million.