MEMA Opinions Legislation Update

Legislative Update: Veto Day

Yesterday was “veto day,” which is when the Legislature took up the bills that the Governor had vetoed. I’d like to call your attention to the following two bills:

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3% Income Tax Increase Must Go

The 3% increase in income tax for those making over $200,000 (including businesses) creates the highest income tax rate for those making up to $1,000,000 in the country. After you get over $1 million, California rates go higher than Maine. Maine will then be #2.