An Act To Exempt Certain Veterans from the Income Tax

Sec. 1. 36 MRSA §5132  is enacted to read:

§ 5132.  Exemption for certain residents

Notwithstanding sections 5111 and 5203-C, if the annual Maine taxable income of a resident individual who is a veteran and at least 75 years of age is less than $30,000, the amount of state tax due under this Part is zero. As used in this section, "veteran" means a person who served in the Armed Forces of the United States during any federally recognized period of conflict.

Sec. 2. Application. This Act applies to tax years beginning on or after January 1, 2009.

summary

This bill exempts from Maine income tax, including the alternative minimum tax, income earned by an individual who is a resident of the State, a veteran and at least 75 years of age and whose income is less than $30,000 a year.