S1974
An Act aligning the long-term capital gains tax rate with the short-term capital gains tax rate
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill proposes to equalize the capital gains tax rate in Massachusetts, making it the same for profits from short-term investments (held for a year or less) and long-term investments (held for more than a year). Currently, Massachusetts has a lower tax rate on long-term capital gains than on short-term gains. Supporters argue this would create a fairer tax system and align Massachusetts with the federal tax code.
Sponsors
Official sponsors from legislative records.
Primary sponsor
James B. Eldridge
Cosponsor
James B. Eldridge
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