Institute on Taxation and Economic Policy (ITEP)

Maine

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State Rundown 10/22: Despite Obstacles, Progressive Taxes Define 2026

• By ITEP Staff

As more states move to raise revenue and tax the rich, anti-tax lobbyists and lawmakers are hard at work to undo that progress. Despite pushback, important conversations around needed revenue continue.

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New State Taxes on the Wealthy Raise Revenue and Rebalance Tax Codes, Advancing Racial Justice

• By Brakeyshia Samms

Taxing the rich is proven fiscal policy – it raises revenue for vital public services and makes tax codes fairer. But a part of the debate that rarely gets enough attention: taxing the rich is also one of the most effective tools available for advancing racial equity.

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State Child Tax Credits Will Boost Financial Security for Families and Children in 2027

• By Neva Butkus

Sixteen states provide Child Tax Credits to reduce poverty, boost economic security, and invest in children. State lawmakers have several options to maximize the impact of Child Tax Credits.

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2026 Sessions in Review: States Fund Tax Credits by Preserving, Raising Revenue

• By Aidan Davis

In a year of cautious uncertainty around current and ongoing revenues, many state lawmakers strengthened their tax credits for families and children.

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State-by-State Tax Expenditure Reports

• By ITEP Staff

Below is a list of tax expenditure reports published in the states.

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2026 Sessions in Review: States Move to Tax the Rich and Corporations

• By Aidan Davis

This year several states raised income tax rates on high-income people to fund crucial services and make progress toward remedying the regressive tilt of their tax codes.

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States Are Standing Up to the Monster Known as QSBS

• By Nick Johnson

We estimate that by 2032, QSBS will be costing states $1.1 billion a year, and since states must balance their budgets, that’s money they can’t use for public services.

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As Inequality Grows, More States Look to Tax the Rich

• By Alex Welch

From surcharges on the income of high-earners to higher taxes on second homes, here are recent steps states have taken to tax the rich.

Maine Center for Economic Policy: 2026 Session Recap: Tax Policy

• By ITEP Staff

A recap of Maine’s 2026 legislative session covers the state’s new millionaire tax, decoupling of last summer’s regressive federal tax provisions, and the expansion of the property tax fairness credit. Read more.  

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While States Debate New Trump Tax Changes, Equity Must Be at the Core

• By Brakeyshia Samms

States continue to debate whether and how to link their state tax codes to the 2025 federal tax law. This is not just a technical debate.

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State Rundown 4/16: Tax Day, a New Millionaires’ Tax and Late Blooming State Tax Action

• By ITEP Staff

Yesterday was Tax Day, and with many state legislative sessions wrapping, some tax changes are gearing up or crossing over the finish line.

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Tax Break for Ultra-wealthy Investors Takes a Hit in Maine and Oregon

• By Nick Johnson

Policymakers in Maine and Oregon wisely said “no” last week to an income tax break for deep-pocketed tech investors and venture capitalists that was expanded in last year’s federal tax bill.

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Maine Passes Millionaires’ Tax and Pushes Back on Federal Changes

• By Marco Guzman

Maine Gov. Janet Mills on Friday put her seal of approval on a supplemental budget bill that includes a “millionaires’ tax.”

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State Rundown 4/8: Budget and Tax Packages Take Shape as Sine Die Approaches in Many States

• By ITEP Staff

State legislative sessions are wrapping up, and final tax and budget packages are making their way to governors’ desks.

State Tax Watch 2026

• By ITEP Staff

ITEP tracks tax discussions in legislatures across the country and uses our unique data capacity to analyze the revenue, distributional, and racial and ethnic impacts of many of these proposals. State Tax Watch offers the latest news and movement from each state.

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State Rundown 4/1: No Fooling Around Anymore in Washington, But Cruel Pranks in South Carolina

• By ITEP Staff

In Washington, Gov. Bob Ferguson and lawmakers decided to stop fooling around with one of the nation’s most upside-down tax codes and finally brought to life a new millionaires’ tax, the first new income tax created in a state since 1991.

Maine Center for Economic Policy: Nurses and Plumbers Shouldn’t Pay the Same Tax Rate As Multi-Millionaires. LD 229 and LD 1089 Change That.

• By ITEP Staff

Maine’s tax code currently asks more of families with middle income than it does of the wealthiest residents. The proposed progressive revenue reforms will raise stable, recurring funding while strengthening the broader economy. Read more.

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State Rundown 3/18: New Mexico Enacts Most Significant Corporate Tax Reform of the Year

• By ITEP Staff

As states lawmakers continue to weigh their linkages to the federal tax code in light of the recent federal tax law, New Mexico provides a blueprint for limiting multinational corporate tax avoidance.

Maine Center for Economic Policy: 6 Ways President Trump Is Shaping Maine’s Economy in His First Year

• By ITEP Staff

President Trump has generally pursued a set of policies that weaken the economies of the United States and Maine. The President’s second year shows no signs of reversing course, and a potential oil supply shock could drive prices even higher. Read more.

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State Rundown 3/4: Budget Realities Set In

• By ITEP Staff

As many state legislative sessions near or cross the halfway point, lawmakers are facing tough choices.

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State Rundown 2/25: Sausage-Making Season Is Upon Us

• By ITEP Staff

National Sausage Month isn’t until October, but now is the time of year when state lawmakers are really diving into their sausage-making processes, as separate legislative houses and oftentimes political parties send competing bills, budgets, and visions back and forth to grind out their differences.

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State Rundown 2/11: This Valentine’s Day, Conscious Decoupling Is Our Love Language

• By ITEP Staff

While some may be excited for a romantic Valentine’s Day this weekend, many state lawmakers are breaking up and decoupling from recent federal tax changes that are poised to leave states with revenue shortfalls – much like a bad date who forgets their wallet and asks you to pick up the tab.

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What Did 2025 State Tax Changes Mean for Racial and Economic Equity?

• By Brakeyshia Samms

The results are a mixed bag, with some states enacting promising policies that will improve tax equity and others going in the opposite direction.

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State Rundown 2/5: Icy Roads Do Not Slow Tax Policy Debates

• By ITEP Staff

Despite wintry conditions across much of the country, that hasn’t stopped state lawmakers from debating major tax policy changes.

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States Can Push Back Against Reckless Federal Tax Policy. Here’s How.

• By Aidan Davis, Wesley Tharpe

They should take steps to protect and boost their own revenues. And they should take a second look at their own tax cuts.