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HD 3830

An Act making the fair share tax more equitable

194th Legislature (2025-2026) Introduced by Alice Peisch

HD 3830 modifies Massachusetts' millionaire surtax structure to adjust how the 4% tax on income above $1M is applied or distributed to address equity concerns.

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WeVote Research Nonpartisan
Bill Summary · HD 3830

Legislative bill overview

HD 3830 proposes modifications to Massachusetts' Fair Share Amendment, a 2022 voter-approved measure that imposes a 4% surtax on income over $1 million. The bill aims to adjust the tax structure to address perceived inequities in how the surtax is applied or distributed, though specific amendments would depend on the bill's current language.

Why is this important

The Fair Share Amendment generates significant revenue for education and transportation—potentially hundreds of millions annually. Changes to its implementation could affect both tax burden distribution among high earners and funding levels for these critical services across the state.

Potential points of contention

  • Definition of "equitable": What constitutes fairness in the surtax structure is subjective; some view any adjustment as eroding voter intent from the 2022 referendum, while others believe refinements improve the original measure
  • Revenue implications: Modifications could reduce projected tax collections, forcing trade-offs in education and transportation funding or requiring alternative revenue sources
  • Economic competitiveness concerns: Critics may argue changes that lower taxes on high earners could be offset by concerns about brain drain, while supporters might counter that modest adjustments won't meaningfully impact business decisions

Compiled from official sources — confirm details with the bill’s official record.

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