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Daily Tax Report: State

Millionaire’s Tax Plan Revived in Massachusetts

Jan. 18, 2019, 10:37 PM

The Massachusetts millionaire’s tax is back on the table—tweaked to avoid violating the state’s constitution.

Two bills filed Jan. 18 would amend the state constitution to place a 4 percent surtax on income over $1 million. The proposal could generate $2 billion a year in new revenue to be used to fund education and transportation initiatives.

But the tax faces a long road.

The earliest the measure could appear as a ballot question would be 2022, because it needs approval in two consecutive years by the legislature’s Constitutional Convention.

Sen. Jason Lewis (D) and Rep. James O’Day’s (D) bills (...

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