§5121. Maine taxable income The Maine taxable income of a resident individual is equal to the individual’s federal adjusted gross income with the modifications and less the deductions and personal exemptions provided in this chapter. [PL 2019, c. 379, Pt. C, §2 (AMD).] SECTION HISTORY P&SL 1969, c. 154, §F1 (NEW). PL 1987, c. […]
§5122. Modifications 1. Additions. Federal adjusted gross income shall be increased by: A. Interest or dividends on obligations or securities of any state other than this State, or of a political subdivision or authority of any state other than this State, to the extent that interest or those dividends are not included in the […]
§5123. Deduction (REPEALED) SECTION HISTORY P&SL 1969, c. 154, §F1 (NEW). PL 1987, c. 819, §5 (RP).
§5124-A. Standard deduction; resident before 2016 For tax years beginning before January 1, 2016, the standard deduction of a resident individual is equal to the standard deduction as determined in accordance with the Code, Section 63, except that, for tax years beginning in 2013, the standard deduction is $10,150 in the case of individuals filing […]
§5124-B. Standard deduction; resident on or after January 1, 2016 but before January 1, 2018 For tax years beginning on or after January 1, 2016 but before January 1, 2018, the standard deduction of a resident individual is equal to the sum of the basic standard deduction and any additional standard deduction, subject to the […]
§5124-C. Standard deduction; resident on or after January 1, 2018 1. Amount; before January 1, 2020. For tax years beginning on or after January 1, 2018 and before January 1, 2020, the standard deduction of a resident individual is equal to the standard deduction as determined in accordance with the Code, Section 63, subject to […]
§5124. Standard deduction; resident (REPEALED) SECTION HISTORY P&SL 1969, c. 154, §F1 (NEW). PL 1975, c. 660, §7 (RPR). PL 1975, c. 765, §27 (AMD). PL 1977, c. 477, §16 (RP).
§5125. Itemized deductions 1. General. An individual who has claimed itemized deductions from federal adjusted gross income in determining the individual’s federal taxable income for the taxable year may claim itemized deductions from Maine adjusted gross income as provided in this section. A. [PL 1987, c. 819, §7 (RP).] B. [PL 1987, […]
§5126-A. Personal exemptions on or after January 1, 2018 1. Amount. For income tax years beginning on or after January 1, 2018, a resident individual is allowed a personal exemption deduction for the taxable year equal to $4,150, unless the individual may be claimed as a dependent on another return. A resident individual is allowed […]
§5126. Personal exemptions prior to 2018 For income tax years beginning on or after January 1, 1998 but before January 1, 1999, a resident individual is allowed $2,400 for each exemption that the individual properly claims for the taxable year for federal income tax purposes, unless the taxpayer is claimed as a dependent on another […]
§5127. Income tax credits (REPEALED) SECTION HISTORY P&SL 1969, c. 154, §F1 (NEW). PL 1977, c. 424, §1 (RPR). PL 1979, c. 557, §1 (AMD). PL 1981, c. 411, §2 (AMD). PL 1981, c. 705, §§R2,R3 (AMD). PL 1981, c. 706, §36 (AMD). PL 1983, c. 571, §§22,23 (AMD). PL 1983, c. 840, §1 (AMD). […]
§5128. Dual residence; reduction of tax If the taxpayer is regarded as a resident of both this State and another jurisdiction for purposes of personal income taxation, the assessor shall reduce the tax on that portion of the taxpayer’s income which is subjected to tax in both jurisdictions solely by virtue of dual residence, provided […]
§5129. Credit for investment in The Maine Capital Corporation (REPEALED) SECTION HISTORY PL 1977, c. 531, §2 (NEW). PL 1981, c. 364, §65 (RP).
§5130. Retirement credit (REPEALED) SECTION HISTORY PL 1977, c. 686, §11 (NEW). PL 1985, c. 691, §33 (AMD). PL 1987, c. 504, §14 (RP).
§5131. Exemption credit (REPEALED) SECTION HISTORY PL 1987, c. 504, §15 (NEW). PL 1987, c. 819, §9 (RP).
§5132. Income or loss from sources on tribal land 1. General. The Maine adjusted gross income of a tribal member derived from or connected with sources on tribal land is the sum of the following amounts: A. The net amount of items of income, gain, loss and deduction entering into the tribal member’s federal […]
