Establishing a tax on millionaires.

Where it is in the process

Plain-English Summary

This bill establishes a new tax on individuals with an annual adjusted gross income of $1 million or more, with the revenue intended to fund K-12 education, healthcare, higher education, and other essential services. It also includes provisions for tax relief, such as reducing certain sales and business taxes and expanding the working families' tax credit. The bill aims to rebalance the state's tax system by shifting more of the tax burden to the wealthiest households.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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