LD 705
pg. 1
LD 705 Title Page An Act To Relieve the Income Tax Burden in the State through Revenue-neutral Me... LD 705 Title Page
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LR 1655
Item 1

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

 
CONCEPT DRAFT

 
SUMMARY

 
This bill is a concept draft pursuant to Joint Rule 208.

 
This bill proposes the following:

 
1. To increase the tax on alcohol sold by the glass from 7%
to 10%;

 
2. To increase the excise and premium taxes by 30¢ on wine;

 
3. To increase the excise and premium taxes by 30¢ on beer;

 
4. To increase the cigarette tax by 50¢;

 
5. To increase the tobacco products tax, exclusive of the
cigarette tax, from 16% to 62% on smoking tobacco and from 62% to
75% on smokeless tobacco;

 
6. To increase the meals and lodging tax from 7% to 10% for
the months of May, June, July, August, September and October
only;

 
7. To establish a soft drink tax of $4 per gallon of soft
drink syrup and 42¢ per gallon of bottled soft drinks; and

 
8. To increase the income level at which the highest marginal
income tax rate is imposed.


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