Bill > S1593

This bill proposes to amend Massachusetts General Laws, Chapter 62, Section 4, Subsection (b), which deals with income tax rates. Specifically, it adds a provision stating that the income tax rate for "Part 3 B taxable income" (which refers to a specific category of income subject to taxation in Massachusetts) cannot exceed 5.2 percent unless that higher rate is approved through the initiative petition process. This initiative petition process is a mechanism outlined in Articles XLVIII, LXXIV, and LXXXI of the Massachusetts Constitution, allowing citizens to propose and vote on laws directly, thereby promoting civic engagement in decisions about tax rates.