Legislature advances bill to adjust income tax brackets

Legislature advances bill to adjust income tax brackets

This legislation needs additional votes in each chamber before going to Gov. Mills' desk.

Lawmakers pass tax increases on corporations, highest earners, but governor remains an obstacle

(Phillip Rubino/Getty Images)The Maine Legislature on Thursday passed measures that would raise the tax rate on corporations and alter the state’s tax brackets to provide relief for the middle class. Another proposal that specifically sought to raise taxes on millionaires, however, was rejected. All of these were determined by a handful, or in some instances just one, vote. And with such narrow margins, the chambers will be unlikely to overcome …