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An Act To Maintain the Income Tax Rate on Persons with Taxable Income above $200,000
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 36 MRSA §5111, sub-§1-F, as enacted by PL 2015, c. 267, Pt. DD, §3, is amended to read:
 
1-F. Single individuals and married persons filing separate returns; tax years beginning 2017.   For tax years beginning on or after January 1, 2017, for single individuals and married persons filing separate returns:
Sec. 2. 36 MRSA §5111, sub-§2-F, as enacted by PL 2015, c. 267, Pt. DD, §5, is amended to read:
 
2-F. Heads of households; tax years beginning 2017.   For tax years beginning on or after January 1, 2017, for unmarried individuals or legally separated individuals who qualify as heads of households:
Sec. 3. 36 MRSA §5111, sub-§3-F, as enacted by PL 2015, c. 267, Pt. DD, §7, is amended to read:
 
3-F. Individuals filing married joint returns or surviving spouses; tax years beginning 2017.   For tax years beginning on or after January 1, 2017, for individuals filing married joint returns or surviving spouses permitted to file a joint return:
Sec. 4. Application. This Act applies to tax years beginning on or after January 1, 2017.
 
SUMMARY
This bill decreases the rate of tax imposed on the income of resident individuals on income in excess of $200,000 from 7.15% to 4.15%.