Sabrina Cervantes voted Yea (Passage) on this Legislation.
Title: Increases Income Taxes For People Who Earn More Than $1 Million
Vote to pass a bill that increases income taxes for people who earn more than $1 million.
Establishes the following taxes (Sec. 1):
An additional 1 percent tax on adjusted incomes of $1 million to $2 million;
An additional 3 percent tax on adjusted incomes of $2 million to $5 million; and
An additional 3.5 percent tax on adjusted incomes of more than $5 million.
Establishes that this bill takes effect immediately upon passage as a tax levy (Sec. 2).
Title: Increases Income Taxes For People Who Earn More Than $1 Million