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October 2, 2009

Maine tax reform study released

A 69-page study on the impetus and results of Maine tax reform efforts between 2003 and 2009 was released today by the New England public Policy Center of the Federal Reserve Bank of Boston.

The paper, written by economist Richard Woodbury as a visiting scholar, lays out the issues motivating tax reform efforts in Maine and provides a summary of the major initiatives advanced or enacted. The study looks at sales, property and income taxes in a historical context and includes extensive information about the 2009 tax reform package.

Woodbury was House chair of the Maine Legislature's Joint Committee on Taxation in 2005-2006 and served on the committee in 2007-2008.

Go here to view the complete paper

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