An Act aligning the long-term capital gains tax rate with the short-term capital gains tax rate
Generates a plain-language summary of the bill text and history.
| Date | Branch | Action |
|---|---|---|
| 4/2/2026 | House | Accompanied a study order, see H5309↗ |
| 2/25/2026 | House | Reporting date extended to Wednesday, March 18, 2026 |
| 12/18/2025 | House | Reporting date extended to Friday, February 20, 2026 |
| 10/3/2025 | Joint | Hearing rescheduled to 10/03/2025 from 10:00 AM-12:35 PM in Gardner Auditorium — Hearing updated to New End Time |
| 9/24/2025 | Joint | Hearing scheduled for 10/03/2025 from 10:00 AM-05:00 PM in Gardner Auditorium |
| 2/27/2025 | Senate | Senate concurred |
| 2/27/2025 | House | Referred to the committee on Revenue |
No additional cosponsors.
| Committee | Recommendation | Vote |
|---|---|---|
| J26 | Accompanied | — |
| Bill | Title | Status |
|---|---|---|
| S1974 | An Act aligning the long-term capital gains tax rate with the short-term capital gains tax rate | Active |
Section 5G of chapter 29 of the General Laws, as amended by section 19 of chapter 28 of the Acts of 2023, is hereby further amended by inserting after the words “Constitution of the Commonwealth”:- and the alignment surtax as defined in section 1 of chapter 62
Section 1 of chapter 62 of the General Laws, as appearing in the 2022 Official Edition, is hereby amended by inserting after the definition of “Commissioner” the following new definition:- (b) “Alignment surtax”, a tax imposed at a rate of 3.5 per cent on Part C taxable income.
Section 4 of said chapter 62, as so appearing, is hereby amended by inserting after the words “paragraph (b)”, in line 33, the following words:- plus the alignment surtax
SECTION 1. Section 5G of chapter 29 of the General Laws, as amended by section 19 of chapter 28 of the Acts of 2023, is hereby further amended by inserting after the words “Constitution of the Commonwealth”:- and the alignment surtax as defined in section 1 of chapter 62 SECTION 2. Section 1 of chapter 62 of the General Laws, as appearing in the 2022 Official Edition, is hereby amended by inserting after the definition of “Commissioner” the following new definition:- (b) “Alignment surtax”, a tax imposed at a rate of 3.5 per cent on Part C taxable income. SECTION 3. Section 4 of said chapter 62, as so appearing, is hereby amended by inserting after the words “paragraph (b)”, in line 33, the following words:- plus the alignment surtax