Bill > H2630

This bill establishes a special commission to investigate the practicality of lowering the capital gains tax, which is a tax on profits made from selling assets like stocks or real estate. The commission will be comprised of key state officials, including the secretaries of administration and finance, the state treasurer, the commissioner of revenue, and the chairs of the Senate and House committees on ways and means (which oversee state budgets), along with a representative from a non-profit public policy organization. This commission is tasked with producing a final report detailing its findings and proposing any necessary legislation to enact its recommendations, which must be submitted to the state legislature within six months of the bill becoming law.