Massachusetts Question 3 (1998)
From Ballotpedia
Massachusetts Question 3, also known as the Cut income tax rate Act, was on the November 7, 1998 election ballot in Massachusetts. It passed, with 72.1% of voters in favor.
Text of the proposal
The language that appeared on the ballot:
This proposed law would change the state income tax rate on interest and dividend income, which was 12% as of September 1997, to whatever rate applies to Part B taxable income (such as wages and salaries), which was 5.95% as of September 1997. The change would take effect starting in tax year 2000.
