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Bill > H2606


MA H2606

MA H2606
Relative to an income tax rollback


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

Relative to the rate of taxation on income. Revenue.

AI Summary

This bill proposes to lower the tax rate on Part B taxable income, as defined in Chapter 62 of the General Laws, to 5% if a proposed constitutional amendment to impose an additional tax on incomes over $1 million is approved by the General Court and the people. The amendment was previously approved by the 189th General Court and is expected to be on the ballot for the 2018 biennial state election.

Committee Categories

Budget and Finance

Sponsors (11)

Last Action

Accompanied a study order, see H4244 (on 02/22/2018)

bill text


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