HB05117Introduced in the House
An Act Establishing An Additional Marginal Rate For The Personal Income Tax And Dedicating The Revenue Generated To Certain Purposes.
Introduced by Nick Gauthier, District 38
What does this bill do?
Plain-English breakdown
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Official description
To (1) establish an additional marginal rate for the personal income tax of at least four per cent on the portion of an individual's taxable income in excess of one million dollars, and (2) dedicate the revenue generated from such tax to education; universal school meals; school construction, repair, capital projects and expenditures; higher education and free public colleges and universities; child care; higher wages for child care workers; baby supplies for parents and guardians of newborn infants; the repair and maintenance of, and access to, roads, bridges and public transportation; and free public transit.
Where it stands
Referred to Joint Committee on Finance, Revenue and Bonding
February 10, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
Referred to Joint Committee on Finance, Revenue and Bonding
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