RESOLUTION PROPOSING A STATE CONSTITUTIONAL AMENDMENT CONCERNING AN ADDITIONAL TAX ON CERTAIN INCOME AND THE USE OF THE REVENUE GENERATED.
HJ 13 proposes a constitutional amendment to add a 4% tax on individual income exceeding $1 million annually. This would directly affect high-income earners in the state, requiring them to pay the additional tax on the portion of their income above that threshold. The revenue generated would be specifically dedicated to funding public education, higher education, child care services, and the repair/maintenance of roads, bridges, and public transportation systems. As a constitutional amendment, this change would require voter approval to take effect.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 21, 2025
Last action Jan 21, 2025
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Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
1
Jan 21, 2025
Committee
REF. TO JOINT COMM. ON Finance, Revenue and Bonding
lower
0 primary · 0 co-sponsors
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No sponsor information available.
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