An Act relative to municipal income-based taxation

This bill proposes a shift in how Massachusetts cities and towns raise revenue, moving away from relying primarily on property taxes to instead implement a system of income-based taxation. It would allow municipalities to collect taxes based on residents’ and businesses’ income, potentially offering a more equitable distribution of tax burdens. The goal is to reduce reliance on property values, which can fluctuate and disproportionately affect certain communities. This legislation seeks to explore and potentially establish a new approach to local funding.