BOSTON Massachusetts lawmakers voted Wednesday to put the fate of a proposed “millionaire tax” constitutional amendment in the hands of voters on next year’s ballot.The proposal passed on a 159-41 vote in a joint session of the Legislature,.
Residents will vote on the “Fair Share” amendment next year and if approved the state will impose a 4 percent surtax on household incomes exceeding $1 million. The tax increase would produce an additional $2 billion in revenue annually.
GREENFIELD Community members will join others across the state at noon Saturday in launching a local campaign to pass what supporters are calling the “Fair Share Amendment.”The Fair Share Amendment is a proposal to amend the state constitution to.
State lawmakers send millionaire tax question to voters
STEVE LeBLANC, Associated Press
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BOSTON (AP) Massachusetts lawmakers voted Wednesday to put the fate of a proposed “millionaire tax” constitutional amendment in the hands of voters on next year’s ballot.
The proposal passed on a 159-41 vote in a joint session of the Legislature, guaranteeing it a place on the November 2022 ballot.
In 2019, lawmakers approved the same measure by a 146-48 vote during a joint session of the Democratic-controlled Legislature. Two votes by two separate sittings of the Legislature is needed to advance a proposed constitutional amendment to the ballot.
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BOSTON (AP) Massachusetts lawmakers voted Wednesday to put the fate of a proposed “millionaire tax” constitutional amendment in the hands of voters on next year’s ballot.
The proposal passed on a 159-41 vote in a joint session of the Legislature, guaranteeing it a place on the November 2022 ballot.
In 2019, lawmakers approved the same measure by a 146-48 vote during a joint session of the Democratic-controlled Legislature. Two votes by two separate sittings of the Legislature is needed to advance a proposed constitutional amendment to the ballot.
Supporters of the measure say the proposed 4% surtax on the portion of an individual’s annual income that exceeds $1 million would generate about $2 billion in annual revenue to be used for education and transportation. The $1 million threshold would be adjusted each year to reflect cost-of-living increases.