LD 241
pg. 2
Page 1 of 2 An Act To Ensure That the Exemption for Pensions Is Applied Fairly LD 241 Title Page
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LR 1580
Item 1

 
SUMMARY

 
Under current law, in calculating a Maine resident's taxable
income, the federal adjusted gross income of a resident who
receives a pension may be reduced by an amount that equals $6,000
reduced by the amount of the resident's social security benefits.
This bill eliminates the reduction for social security benefits.


Page 1 of 2 Top of Page LD 241 Title Page