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MA S2087
Bill
AI Summary
- Reduces Massachusetts short-term capital gains tax rate from 8.5% to 5% through a phased three-year approach
- Year 1: Rate drops from 8.5% to 6.84%
- Year 2: Rate drops to 5.18%
- Year 3: Rate reaches final target of 5%, aligning with the state's standard income tax rate
- Amends Section 8 of Chapter 50 of the Acts of 2023, which established the current 8.5% rate
Legislative Description
Relative to the short term capital gains rate to make Massachusetts more competitive
Last Action
Hearing rescheduled to 10/03/2025 from 10:00 AM-12:35 PM in Gardner Auditorium Hearing updated to New End Time
10/3/2025
Committee Referrals
Revenue2/27/2025
Full Bill Text
No bill text available