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Maine Panel Airs Bipartisan Tax Overhaul Bill
05/10/2013 10:29 AM ET  

The bill would increase Maine's sales tax from 5 percent to 6 percent and do away with dozens of exemptions on items including groceries and heating oil.

AUGUSTA, Maine (AP) _ A major tax overhaul proposed by a bipartisan group of legislators is getting its first airing before the public.

The Legislature's Taxation Committee is taking comments from the public and groups affected by the proposal at a hearing Friday in Augusta. The bill would increase Maine's sales tax from 5 percent to 6 percent and do away with dozens of exemptions on items including groceries and heating oil.

At the same time, the measure would slash the individual income tax in half.

Sponsors of the bill also say it "exports'' a larger share of Maine's tax burden to nonresidents, while setting aside a large chunk of the new revenues for property tax relief.

But critics see the proposal as a "Trojan horse'' that looks good but introduces new taxes.



 

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