Depreciate bonuses; reduce business tax rate to under 8%
To help create jobs in Maine, we include bonus depreciation for businesses investing in our economy's future. We increase the exemption for the death tax to make it easier to pass a family business to the next generation and to reduce the
incentive for moving wealth out of Maine. And we lower the tax rate on families and business success from 8.5% to 7.95%, the lowest top income tax rate in Maine since 1975.
Source: Maine 2011 State of the State Address
, Feb 10, 2011