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S2087 • 2025

An Act relative to the short term capital gains rate to make Massachusetts more competitive

An Act relative to the short term capital gains rate to make Massachusetts more competitive

Taxes
Active

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

Sponsor
Bruce E. Tarr
Last action
2026-04-01
Official status
Reporting date extended to Thursday June 25, 2026
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 relative to the short term capital gains rate to make Massachusetts more competitive

An Act relative to the short term capital gains rate to make Massachusetts more competitive By Mr.

What This Bill Does

  • An Act relative to the short term capital gains rate to make Massachusetts more competitive By Mr.
  • Tarr, a petition (accompanied by bill, Senate, No.
  • 2087) of Bruce E.
  • Tarr for legislation relative to the short term capital gains rate to make Massachusetts more competitive.

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. 2026-04-01 Senate

    Reporting date extended to Thursday June 25, 2026

  2. 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

  3. 2025-09-24 Joint

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

  4. 2025-02-27 Senate

    Referred to the committee on Revenue

  5. 2025-02-27 House

    House concurred

Official Summary Text

An Act relative to the short term capital gains rate to make Massachusetts more competitive
By Mr. Tarr, a petition (accompanied by bill, Senate, No. 2087) of Bruce E. Tarr for legislation relative to the short term capital gains rate to make Massachusetts more competitive. Revenue.

Current Bill Text

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Bill S.2087

SECTION 1 Section 8 of Chapter 50 of the Acts of 2023 is hereby amended by striking therein the term "8.5 percent" and replacing it therein with the following:-- "6.84 percent"

SECTION 2. Section 8 of Chapter 50 of the Acts of 2023 is hereby amended by striking therein the term "8.5 percent" and replacing it therein with the following:-- "5.18 percent"

Section 3. Section 8 of Chapter 50 of the Acts of 2023 is hereby amended by striking therein the term "8.5 percent" and replacing it therein with the following:-- "5 percent"

Section 4. Section 1 shall take effect for the fiscal year immediately following the passage of this act.

Section 5. Section 2 shall take effect for the fiscal year one year after the passage of this act.

Section 6. Section 3 shall take effect for the fiscal year two years after the passage of this act.

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