H3129
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 House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill proposes to equalize the capital gains tax rate in Massachusetts between investments held for short-term (less than a year) and long-term (more than a year). Currently, the long-term capital gains tax rate is lower than the short-term rate. This legislation aims to simplify the tax system and potentially increase revenue by ensuring that all capital gains are taxed at a consistent rate.
Sponsors
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Primary sponsor
Tara T. Hong
Cosponsor
Tara T. Hong
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