LD 1063
pg. 1
LD 1063 Title Page An Act to Exempt Maine State Retirement System Employee Contributions from Stat... LD 1063 Title Page
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LR 1520
Item 1

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

 
Sec. 1. 36 MRSA §5122, sub-§1, ¶G, as amended by PL 1997, c. 557, Pt.
B, §4 and affected by Pt. G, §1, is repealed.

 
SUMMARY

 
Currently, pick-up contributions paid by an employer to the
Maine State Retirement System for an employee are exempt from
federal income tax but subject to Maine income tax.

 
This bill repeals the provision of the Maine income tax law
requiring the pick-up contribution to be included as taxable
income, thus bringing Maine law into conformity with federal law.


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