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Bill > S1947
MA S1947
MA S1947Relative to the short term capital gains rate to make Massachusetts more competitive
summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
For legislation relative to the short term capital gains rate to make Massachusetts more competitive. Revenue.
AI Summary
This bill proposes to amend the existing tax law in Massachusetts by lowering the short-term capital gains tax rate from the current rate to 5 percent. The goal is to make Massachusetts more competitive and attractive for investors and businesses by reducing the tax burden on short-term capital gains, which are profits from the sale or exchange of assets held for one year or less.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H4725 (on 06/17/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/193/S1947 |
| BillText | https://malegislature.gov/Bills/193/S1947.pdf |
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