Maine Tax Reform Delayed for People's Veto

Proposed Maine State income and sales tax changes have been placed on hold. On November 9th, Maine Secretary of State Matthew Dunlap announced that people's veto supporters collected enough signatures to place the measure on the June 8, 2010 ballot.

The ballot question will be: "Do you want to reject the new law that lowers Maine's income tax and replaces that revenue by making changes to the sales tax?"

If voters reject the changes, the status quo tax law will remain in place. If voters accept the changes (defeat the people's veto), the changes will take effect 30 days after election results are certified.

The proposed changes are in Chapter 382

Previous coverage on Yellis & Foley's Tax News Blog.