Tax reforms credited with ensuring Maine’s poorest no longer pay highest tax rate

“According to MECEP policy analyst Sarah Austin, who authored the report, the change can be attributed to the Maine Legislature’s passage of an expanded Maine Earned Income Tax Credit, or EITC, which provides a tax break for low income families. Austin also said the larger refundable property tax credits for homeowners and renters with low incomes as well as the increase in the Homestead Exemption, which lowered property taxes owed by Mainers for their primary residences, with contributing to the change.”

Click here to read the full story, published Thursday, September 6, in Beacon.