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"A comprehensive, collaborative elections resource."
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2022 Q1: Additional 4% Income tax on incomes > $1million
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Party | YES |
| Name | Yes |
| Won | 11/08/2022 |
| Votes | 1,265,815 (52.26%) |
| Margin | 109,492 (+4.52%) |
| Term | 01/01/2023 - 01/01/3999 |
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Initiatives and Referenda DETAILS |
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> United States > Massachusetts > Public Questions > 2022 Initiatives and Referenda
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| Established | January 01, 2022 |
| Disbanded | Still Active |
| Contributor | RP |
| Last Modified | RP August 16, 2022 09:46pm |
| Description |
There will be a proposed constitutional amendment on the November ballot regarding income taxes. If passed, the amendment would establish an additional four percent state income tax on that portion of annual taxable income in excess of $1 million. This income level would be adjusted annually, by the same method used for federal income-tax brackets, to reflect increases in the cost of living. Revenues from this tax would be used, subject to appropriation by the state Legislature, for public education, public colleges and universities; and for the repair and maintenance of roads, bridges, and public transportation. The proposed amendment would apply to tax years beginning on or after January 1, 2023.
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