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SENATE DOCKET, NO. 1377 FILED ON: 1/16/2025
SENATE . . . . . . . . . . . . . . No. 1974
The Commonwealth of Massachusetts
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PRESENTED BY:
James B. Eldridge
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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act aligning the long-term capital gains tax rate with the short-term capital gains tax rate.
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PETITION OF:
NAME:DISTRICT/ADDRESS :James B. EldridgeMiddlesex and Worcester 1 of 1
SENATE DOCKET, NO. 1377 FILED ON: 1/16/2025
SENATE . . . . . . . . . . . . . . No. 1974
By Mr. Eldridge, a petition (accompanied by bill, Senate, No. 1974) of James B. Eldridge for
legislation to align the long-term capital gains tax rate with the short-term capital gains tax rate.
Revenue.
The Commonwealth of Massachusetts
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In the One Hundred and Ninety-Fourth General Court
(2025-2026)
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An Act aligning the long-term capital gains tax rate with the short-term capital gains tax rate.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
of the same, as follows:
1 SECTION 1. Section 5G of chapter 29 of the General Laws, as amended by section 19 of
2chapter 28 of the Acts of 2023, is hereby further amended by inserting after the words
3“Constitution of the Commonwealth”:- and the alignment surtax as defined in section 1 of
4chapter 62.
5 SECTION 2. Section 1 of chapter 62 of the General Laws, as appearing in the 2022
6Official Edition, is hereby amended by inserting after the definition of “Commissioner” the
7following new definition:-
8 (b) “Alignment surtax”, a tax imposed at a rate of 3.5 per cent on Part C taxable income.
9 SECTION 3. Section 4 of said chapter 62, as so appearing, is hereby amended by
10inserting after the words “paragraph (b)”, in line 33, the following words:- plus the alignment
11surtax.