S2238 — Creates an additional tax rate of 3% on taxable income over $640,000 in 2026 dollars. Applies to tax years 2027 and thereafter and not retroactively.

S2238 — Creates an additional tax rate of 3% on taxable income over $640,000 in 2026 dollars. Applies to tax years 2027 and thereafter and not retroactively. · Informed CitizenryThis bill proposes a new phase-out tax rate that would increase the state's personal income tax for high earners. Specifically, it creates an additional 3% tax rate that will apply only to taxable…Open in Informed Citizenry