1 of 1
SENATE DOCKET, NO. 292 FILED ON: 1/10/2025
SENATE . . . . . . . . . . . . . . No. 2087
The Commonwealth of Massachusetts
_________________
PRESENTED BY:
Bruce E. Tarr
_________________
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 relative to the short term capital gains rate to make Massachusetts more competitive.
_______________
PETITION OF:
NAME:DISTRICT/ADDRESS :Bruce E. TarrFirst Essex and Middlesex 1 of 2
SENATE DOCKET, NO. 292 FILED ON: 1/10/2025
SENATE . . . . . . . . . . . . . . No. 2087
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.
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. 1947 OF 2023-2024.]
The Commonwealth of Massachusetts
_______________
In the One Hundred and Ninety-Fourth General Court
(2025-2026)
_______________
An Act relative to the short term capital gains rate to make Massachusetts more competitive.
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 8 of Chapter 50 of the Acts of 2023 is hereby amended by striking
2therein the term "8.5 percent" and replacing it therein with the following:-- "6.84 percent"
3 SECTION 2. Section 8 of Chapter 50 of the Acts of 2023 is hereby amended by striking
4therein the term "8.5 percent" and replacing it therein with the following:-- "5.18 percent"
5 Section 3. Section 8 of Chapter 50 of the Acts of 2023 is hereby amended by striking
6therein the term "8.5 percent" and replacing it therein with the following:-- "5 percent"
7 Section 4. Section 1 shall take effect for the fiscal year immediately following the
8passage of this act. 2 of 2
9 Section 5. Section 2 shall take effect for the fiscal year one year after the passage of this
10act.
11 Section 6. Section 3 shall take effect for the fiscal year two years after the passage of this
12act.