An Act To Increase the Income Tax Surcharge Threshold Imposed on Households
Sec. 1. 36 MRSA §5111, sub-§6, ¶A, as enacted by IB 2015, c. 4, §2, is amended to read:
Sec. 2. 36 MRSA §5111, sub-§6, ¶A-1 is enacted to read:
(1) For single individuals and married persons filing separate returns, $200,000;
(2) For unmarried individuals or legally separated individuals who qualify as heads of households, $300,000; and
(3) For individuals filing married joint returns or surviving spouses permitted to file a joint return, $400,000.
This bill amends the 3% surcharge imposed on individual taxable income over $200,000 to increase the threshold, for tax years beginning after 2017, to $300,000 for taxpayers filing as heads of households and to $400,000 for taxpayers filing married joint returns or surviving spouses permitted to file a joint return. Single individuals and married persons filing separate returns are still subject to the surcharge on taxable income over $200,000.