Senate quickly kills proposed income tax on high wage earners
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A last-minute amendment to create a new tax on annual incomes above $132,900 was presented, discussed and unanimously rejected by the six-member Senate Finance Committee on Tuesday, all in about an hour.
The amendment to an unrelated House bill was co-sponsored by Democratic state Sens. Jeanne Dietsch of Peterborough and Martha Fuller Clark of Portsmouth, along with Democratic Rep. Tom Schamberg of Wilmot.
Dietsch presented the bill as a way to address the funding crisis facing many school districts in the state’s property poor communities, which she said is placing a crushing burden on local property tax payers.