36 §5204. Lump-sum retirement plan distributions - Maine Statutes

Title 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).