An Act making the fair share tax more equitable
Generates a plain-language summary of the bill text and history.
| Date | Branch | Action |
|---|---|---|
| 3/18/2026 | House | Bill reported favorably by committee and referred to the committee on House Ways and Means |
| 2/17/2026 | House | Reporting date extended to Wednesday, March 18, 2026 |
| 11/18/2025 | Joint | Hearing rescheduled to 11/18/2025 from 10:00 AM-11:00 AM in B-1 and Virtual — Hearing updated to New End Time |
| 11/17/2025 | Joint | Hearing rescheduled to 11/18/2025 from 10:00 AM-01:00 PM in B-1 and Virtual — Hearing location changed |
| 11/7/2025 | Joint | Hearing scheduled for 11/18/2025 from 10:00 AM-01:00 PM in A-1 |
| 2/27/2025 | Senate | Senate concurred |
| 2/27/2025 | House | Referred to the committee on Revenue |
No additional cosponsors.
| Committee | Recommendation | Vote |
|---|---|---|
| J26 | Favorable | 1 entries |
of chapter 62 of the General Laws, as appearing in the 2022 Official Edition, is hereby amended by inserting at the end thereof the following:- D. In determining taxable income for the 4 per cent surtax required by Article 44 of Amendments of the Constitution, income derived from the sale of a primary residence shall be exempt, unless the gain is equal to or greater than two and a half million dollars. The term “primary residence” shall mean a principal home or domicile occupied by a household member not less than 9 months prior to the date of sale of the primary residence. The exemption in this part shall be in addition to any other exemption provided for in this section.
Section 3 of chapter 62 of the General Laws, as appearing in the 2022 Official Edition, is hereby amended by inserting at the end thereof the following:- D. In determining taxable income for the 4 per cent surtax required by Article 44 of Amendments of the Constitution, income derived from the sale of a primary residence shall be exempt, unless the gain is equal to or greater than two and a half million dollars. The term “primary residence” shall mean a principal home or domicile occupied by a household member not less than 9 months prior to the date of sale of the primary residence. The exemption in this part shall be in addition to any other exemption provided for in this section.