October 21, 2015

Maine Center for Economic Policy: Budget deal includes refundable tax credits for low- and moderate-income Mainers

ITEP Work in Action

The tax overhaul agreed upon by legislative leaders in their recent budget negotiations includes several major provisions that affect state and local taxes, including lower income tax rates, a broader income tax base, a doubling of the homestead property tax exemption, an estate tax cut, and permanently higher sales tax rates.

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