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Bill > H2719

MA H2719

MA H2719
To reduce the short-term capital gains tax

summary

Introduced
02/16/2023
In Committee
02/16/2023
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

193rd General Court

Bill Summary

For legislation to reduce the short-term capital gains tax. Revenue.

AI Summary

This bill aims to reduce the short-term capital gains tax by setting the rate at 5 percent, regardless of any conflicting laws. Short-term capital gains are defined in Section 1 of Chapter 62 of the General Laws. This change to the tax rate on short-term capital gains could have an impact on tax revenue.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Accompanied a study order, see H4721 (on 06/13/2024)
(1 Companion Bills)

bill text

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Document Type Source Location
State Bill Page https://malegislature.gov/Bills/193/H2719
BillText https://malegislature.gov/Bills/193/H2719.pdf
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