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ME LD1363

Bill

Official Source

Status

Failed

5/6/2025

Primary Sponsor

Benjamin Hymes

Click for details

Origin

House of Representatives

132nd Legislature

AI Summary

  • Exempts Maine residents under 18 years of age from state income tax on their earned income
  • Allows taxpayers to deduct from their Maine taxable income any earnings by a dependent who is under 18 years of age
  • Applies to tax years beginning on or after January 1, 2026
  • Amends 36 MRSA §5111 and §5121 to limit income tax applicability to individuals 18 years of age or older

Legislative Description

An Act to Exempt Resident Minors' Income from Income Tax

Income Tax

Last Action

Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)

5/6/2025

Committee Referrals

Taxation3/28/2025

Full Bill Text

No bill text available