Bill > S1438

This bill, aiming to promote civic engagement in setting income tax rates, proposes an amendment to Massachusetts General Laws Chapter 62, Section 4, Subsection (b). Specifically, it adds a provision stating that "Part B taxable income," which refers to income from sources like wages, salaries, and pensions, cannot be taxed at a rate exceeding 5.3 percent unless that higher rate is first approved through the "initiative petition process." This process, outlined in Articles XLVIII, LXXIV, and LXXXI of the Massachusetts Constitution, allows citizens to propose and vote on laws directly, thereby giving the public a say in significant tax rate changes.