On Beacon Hill, Tense Wait for SJC ‘Millionaire Tax’ Ruling

Courtesy of mass.gov

BOSTON (AP) — All eyes are on the Massachusetts Supreme Judicial Court as it determines the fate of a proposed constitutional amendment that would impose a 4 percent surtax on any portion of an individual’s annual income that exceeds $1 million.

The justices are deciding if the proposal sponsored by the Raise Up Massachusetts coalition meets legal criteria for ballot initiatives. Business groups that filed suit to stop it from going before voters argue it does not.

The SJC must rule on the so-called millionaire tax on Monday if the court holds to its general guideline of written decisions within 120 days of hearing oral arguments on a case.

Whichever way the court goes it’s likely to have political and financial ramifications, and could influence negotiations on Beacon Hill over several other proposed November ballot questions.

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