Maine versus New Hampshire XIV: The Personal Income Tax
On January 18, the New Hampshire legislator is taking up a constitutional amendment that would permanently ban a personal income tax in the state. The good news for Maine is that it is not a ban on a sales tax . . . it is the lack of sales tax in New Hampshire that is currently costing Maine border counties up to $2.2 billion a year in lower retail sales (and, correspondingly, Maine state government hundred of millions in lost revenue).