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H3129 • 2025

An Act aligning the long-term capital gains tax rate with the short-term capital gains tax rate

An Act aligning the long-term capital gains tax rate with the short-term capital gains tax rate

Taxes
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Tara T. Hong
Last action
2026-04-02
Official status
Accompanied a study order, see H5309
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act aligning the long-term capital gains tax rate with the short-term capital gains tax rate

An Act aligning the long-term capital gains tax rate with the short-term capital gains tax rate By Representative Hong of Lowell, a petition (accompanied by bill, House, No.

What This Bill Does

  • An Act aligning the long-term capital gains tax rate with the short-term capital gains tax rate By Representative Hong of Lowell, a petition (accompanied by bill, House, No.
  • 3129) of Tara T.
  • Hong relative to the capital gains tax.
  • Revenue.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-04-02 House

    Accompanied a study order, see H5309

  2. 2026-02-25 House

    Reporting date extended to Wednesday, March 18, 2026

  3. 2025-12-18 House

    Reporting date extended to Friday, February 20, 2026

  4. 2025-10-03 Joint

    Hearing rescheduled to 10/03/2025 from 10:00 AM-12:35 PM in Gardner Auditorium Hearing updated to New End Time

  5. 2025-09-24 Joint

    Hearing scheduled for 10/03/2025 from 10:00 AM-05:00 PM in Gardner Auditorium

  6. 2025-02-27 House

    Referred to the committee on Revenue

  7. 2025-02-27 Senate

    Senate concurred

Official Summary Text

An Act aligning the long-term capital gains tax rate with the short-term capital gains tax rate
By Representative Hong of Lowell, a petition (accompanied by bill, House, No. 3129) of Tara T. Hong relative to the capital gains tax. Revenue.

Current Bill Text

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Bill H.3129

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

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