Institute on Taxation and Economic Policy (ITEP)

Maine

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

April 27, 2026

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.  

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

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.

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

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

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

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.

Maine Passes Millionaires’ Tax and Pushes Back on Federal Changes

Maine Gov. Janet Mills on Friday put her seal of approval on a supplemental budget bill that includes a “millionaires’ tax.” The new tax levies a 2 percent income tax surcharge on income over $1 million ($1.5 million for joint filers and heads of households), making Maine’s tax system fairer while raising revenue to support […]

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

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

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

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.

March 25, 2026

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.

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

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.