MA H5007

Reduces Massachusetts state personal income tax rate from 5% to 4% through a phased three-year reduction: 4.67% in 2027, 4.33% in 2028, and 4.00% beginning in 2029

Applies to both Part A taxable income (interest and dividends) and Part B taxable income (wages, salaries, and other income excluding capital gains)

Initiative petition filed by James John Stergios and others, certified by the Secretary of the Commonwealth with 86,970 voter signatures

Attorney General Andrea Joy Campbell certified the measure as proper for submission to voters on September 3, 2025

Includes a severability clause ensuring remaining provisions stay in effect if any part is declared invalid by a court