State Codes and Statutes
Statutes > Maine > Title36 > Title36ch818sec0 > Title36sec5204Title 36: TAXATION
Part 8: INCOME TAXES
Chapter 818: ADDITIONAL TAXES
§5204. Lump-sum retirement plan distributions
In addition to any other tax imposed by this Part, a tax is hereby imposed for each taxable year on every taxpayer who, in accordance with the Code, Section 402(e)(1), elects to compute a separate federal tax on a lump-sum distribution from a retirement plan at the rate of 15% of the separate federal tax imposed on the distribution. [1987, c. 772, §38 (AMD).]
SECTION HISTORY
1977, c. 424, §3 (NEW). 1987, c. 504, §27 (AMD). 1987, c. 772, §38 (AMD).
