| Be it enacted by the People of the State of Maine as follows: |
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| | Sec. 1. 36 MRSA c. 841, as amended, is repealed. |
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| | Sec. 2. 36 MRSA §5111, as amended by PL 1991, c. 824, Pt. A, §§76 to | 78 and affected by §§79, 92 and 93, is repealed and the following | enacted in its place: |
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| §5111.__Imposition and rate of tax |
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| | A tax is imposed for each taxable year beginning on or after | January 1, 2000 on the Maine taxable income of every resident | individual of this State.__The amount of the tax is 5%. |
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| | Sec. 3. 36 MRSA §5111-A, as repealed and replaced by PL 1987, c. | 819, §3, is repealed. |
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| | Sec. 4. 36 MRSA §5124-A, as amended by PL 1989, c. 596, Pt. J, §7, | is repealed and following enacted in its place: |
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| §5124-A.__Standard deduction; resident |
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| | The standard deduction for resident taxpayers who are married | persons filing jointly is $25,000; the standard deduction for all | other resident taxpayers is $10,000. |
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| | Sec. 5. 36 MRSA §5126, as amended by PL 1997, c. 643, Pt. HHH, §§4 | and 5 and affected by §10, is repealed. |
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| | Sec. 6. Application. This Act applies to tax years beginning on or | after January 1, 2000. |
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| | This bill changes the existing graduated income tax program | into a flat tax rate income tax, effective for tax years | beginning on or after January 1, 2000. |
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