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H3210 • 2025

An Act making the fair share tax more equitable

An Act making the fair share tax more equitable

Taxes
Active

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

Sponsor
Alice Hanlon Peisch
Last action
2026-03-18
Official status
Referred to House Committee on Ways and Means
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 making the fair share tax more equitable

An Act making the fair share tax more equitable By Representative Peisch of Wellesley, a petition (accompanied by bill, House, No.

What This Bill Does

  • An Act making the fair share tax more equitable By Representative Peisch of Wellesley, a petition (accompanied by bill, House, No.
  • 3210) of Alice Hanlon Peisch relative to taxable income under the fair share tax, so-called.
  • Revenue.
  • Status: Referred to House Committee on Ways and Means

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. 2026-03-18 House

    Bill reported favorably by committee and referred to the committee on House Ways and Means

  2. 2026-02-17 House

    Reporting date extended to Wednesday, March 18, 2026

  3. 2025-11-18 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

  4. 2025-11-17 Joint

    Hearing rescheduled to 11/18/2025 from 10:00 AM-01:00 PM in B-1 and Virtual Hearing location changed

  5. 2025-11-07 Joint

    Hearing scheduled for 11/18/2025 from 10:00 AM-01:00 PM in A-1

  6. 2025-02-27 House

    Referred to the committee on Revenue

  7. 2025-02-27 Senate

    Senate concurred

Official Summary Text

An Act making the fair share tax more equitable
By Representative Peisch of Wellesley, a petition (accompanied by bill, House, No. 3210) of Alice Hanlon Peisch relative to taxable income under the fair share tax, so-called. Revenue.
Status:
Referred to House Committee on Ways and Means

Current Bill Text

Read the full stored bill text 
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Bill H.3210

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.

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