Report of the special joint committee on initiative petitions on the initiative petition of james john stergios and others for the passage of an act relative to reducing the state personal income tax rate from 5% to 4%. (see house, no. 5007)
Report of the Special Joint Committee on Initiative Petitions on the Initiative Petition of James John Stergios and Others for the Passage of an Act Relative to Reducing the State Personal Income Tax Rate From 5% to 4%. (See House, No. 5007)
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This report, prepared by a special committee, analyzes an initiative petition seeking to reduce the state’s personal income tax rate from 5% to 4%. The petition was submitted by James John Stergios and others. The report provides a detailed examination of the proposed change and its potential implications.
Key provisions
- Analyzes the initiative petition to lower the state personal income tax rate.
- Examines the potential economic impacts of a 1% reduction in the income tax.
- Considers the revenue implications for the state government.
- Addresses the constitutional requirements for amending the state income tax rate.
- Details the process for submitting and considering initiative petitions.
Who is affected
- Taxpayers in Massachusetts
- The Massachusetts State Government
- The Massachusetts Legislature
Notable changes
- The report assesses a proposed change to the state’s personal income tax rate.
Bill text
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Sponsors
Official sponsors from legislative records.
1 on record
Cosponsor
Alice Hanlon Peisch
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