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 |
|---|---|---|
| 7/15/2026 | House | Committee recommended ought NOT to pass and referred to the committee on House Steering, Policy and Scheduling |
| 4/1/2026 | Senate | Reporting date extended to Thursday June 25, 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 | House | House concurred |
| 2/27/2025 | Senate | Referred to the committee on Revenue |
No additional cosponsors.
| Committee | Recommendation | Vote |
|---|---|---|
| J26 | Adverse | 1 entries |
| Bill | Title | Status |
|---|---|---|
| H3129 | 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.