An Act to Permanently Fund 55 Percent of the State's Share of Education by Establishing a Tax on Incomes of More than $1,000,000

This bill establishes a 4% income tax surcharge on the portion of a taxpayer's Maine taxable income that is over $1,000,000. The revenue collected from this surcharge will be used to fund public prekindergarten to grade 12 education. This change would affect individuals with Maine taxable income exceeding $1,000,000, providing additional funding for public education.

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