The constitutional amendment, if passed, would impose a 4% surtax on the portion of an individual’s annual income that exceeds $1 million.
David L. Ryan/The Boston Globe
By Associated Press
June 22, 2022 | 10:39
BOSTON (AP) — Massachusetts’ highest court ruled Wednesday that wording a ballot question for a “millionaires’ tax” constitutional amendment proposal is legal and the measure can go to voters in November. .
The amendment, which if passed would impose a 4% surtax on the portion of an individual’s annual income that exceeds $1 million, had been opposed by a group of businesses, some lawmakers and government officials. other voters who said the wording of the question that the revenue generated from the surtax would be spent on education and transportation is “completely misleading.”
The Supreme Court Judicial, in its ruling, said one-sentence statements describing the effects of a “yes” vote and a “no” vote are consistent with the state constitution.
Proponents said the measure could generate about $1.9 billion in annual revenue for education and transportation.
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