Proposal for a legislative amendment to the Constitution to cap the state income tax

This bill proposes adding a new paragraph to the Massachusetts Constitution to limit the state income tax rate to a maximum of 6.25 percent. The change would directly affect all Massachusetts residents who file state income tax returns, ensuring their tax rate does not exceed this cap for tax years starting on or after January 1, 2023. To become law, the proposal requires approval from a majority of both legislative chambers and subsequent ratification by voters at a state election.