Imposes a 4% tax on capital gains exceeding $250,000, $375,000, or $500,000 based on filing status.
This bill introduces a new tax on capital gains in Maine, effective for tax years starting after January 1, 2025. It imposes a 4% tax on income from capital gains that exceeds specific thresholds based on filing status. For single filers and those married filing separately, the threshold is $250,000; for heads of households, it is $375,000; and for those filing jointly, it is $500,000. This additional tax applies to income derived from capital gains over these amounts.
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