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Divided tax committee endorses surcharge bill for high-wage earners

Divided tax committee endorses surcharge bill for high-wage earners
sunjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunjournal.com Daily Mail and Mail on Sunday newspapers.

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Committee rejects tax bills but may launch review of income tax rates

Updated May 18
Divided tax committee endorses surcharge bill for high-wage earners
The Legislature s Taxation Committee voted 6-5 Tuesday to advance a bill that would tack a 3% surcharge on taxable income over $200,000.
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The Legislature’s Taxation Committee Tuesday narrowly approved a bill that would raise more tax money from top wage earners in Maine by tacking a 3 percent surcharge on taxable income over $200,000.
The vote came during debate over 10 bills that sought to change the state’s tax brackets or add surcharges on top earners.
The 6-5 party-line vote on the surcharge bill with Democrats on the committee backing the measure and Republicans opposing it came as lawmakers rejected eight other bills to either raise taxes on top earners or create a straight 5 percent tax rate. ....

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Pandemic-fueled real estate boom threatens property tax hikes as much as 30% for Maine homeowners

Pandemic-fueled real estate boom threatens property tax hikes as much as 30% for Maine homeowners
sunjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunjournal.com Daily Mail and Mail on Sunday newspapers.

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More than 160,000 Mainers in line for jobless-benefit tax break

More than 160,000 Mainers in line for jobless-benefit tax break
sunjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunjournal.com Daily Mail and Mail on Sunday newspapers.

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Maine counties chafe at lower-than-expected payments from wind farms - Governors' Wind Energy Coalition

Maine counties chafe at lower-than-expected payments from wind farms
Source: By Bill Trotter, Bangor Daily News • Posted: Sunday, April 11, 2021
Turbines in the Bull Hill Wind project in Township 16 in Hancock County rotate in the breeze in this May 2018 file photo. TerraForm, which owns and operates the project, is one of multiple wind farm operators in Maine to request tax abatements in recent years, which has reduced the amount of revenue counties have received as part of tax increment-financing agreements. Credit: Bill Trotter / BDN
For nearly two decades, commercial wind farms have been touted in Maine as a way to generate electricity without pollution, and as a way rural locales in Maine can generate revenue for themselves by hosting turbines worth hundreds of millions of dollars. ....

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