BOSTON (AP) — Legislation that’s been dubbed the “millionaire tax” is going before a legislative committee on Beacon Hill.
The proposed amendment to the Massachusetts constitution calls for an additional tax of 4 percent on people with annual incomes of $1 million or more. Revenue from the tax would fund public education and transportation improvements.
A public hearing on the bill is set for Tuesday.
Supporters say they collected more than 157,000 signatures last year in an effort to put the measure before lawmakers and, eventually, the state’s voters.
The earliest it could appear on the ballot is November 2018.
The group Citizens for Limited Taxation has called the tax proposal deceptive because there’s no guarantee the additional revenue would go to education and transportation.
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