relating to taxation. Providing that a 2/3 vote is required to pass legislation imposing new or increased taxes or license fees, or to authorize the issuance of state bonds and providing that the general court shall appropriate funds for payment of interest and installments of principle of all state bonds.

This bill proposes amending the state constitution to require a two-thirds vote in both legislative chambers before passing laws that create new taxes, increase existing taxes, or issue state bonds. It also mandates that the legislature must set aside funds from the general budget to pay interest and principal on any state debt. If approved by voters, these changes would make it more difficult to raise revenue through taxation and would ensure that debt payments are prioritized in the state budget. The bill is currently procedural, as it was submitted for a vote but did not pass before the legislative session ended.