MA S2087The bill proposes to gradually reduce the short-term capital gains tax rate in Massachusetts. It amends Section 8 of Chapter 50 of the Acts of 2023, changing the tax rate from 8.5% to 6.84%, then to 5.18%, and finally to 5%. These changes are set to take effect over three fiscal years, starting with the fiscal year after the bill's passage.
MA S2087 is a senate bill in the Massachusetts 194th General Court, sponsored by Bruce Tarr (R), currently “Introduced” since February 27, 2025.
We track 6,558 Massachusetts bills this session, 139 of them sponsored by Bruce Tarr.
Supporters of the bill argue that it will make Massachusetts more competitive by lowering the short-term capital gains tax rate. This gradual reduction from 8.5% to 5% over three years is seen as a way to attract more investment, stimulate economic growth, and encourage financial activity within the state.
Critics may contend that the reduction in the short-term capital gains tax rate could lead to a decrease in state revenue, impacting public funding and services. They might argue that the bill favors wealthy investors and does not address broader economic inequalities within Massachusetts.
About This Analysis
This summary was generated using AI from the bill's official text and metadata. Data sourced from LegiScan and the Massachusetts General Court. Conflict-of-interest analysis for this bill is coming soon.
What does MA S2087 do?
The bill proposes to gradually reduce the short-term capital gains tax rate in Massachusetts. It amends Section 8 of Chapter 50 of the Acts of 2023, changing the tax rate from 8.5% to 6.84%, then to 5.18%, and finally to 5%. These changes are set to take effect over three fiscal years, starting with the fiscal year after the bill's passage.
What is the status of MA S2087?
MA S2087 is currently “Introduced” in the Massachusetts legislature.
Who sponsored MA S2087?
Bruce Tarr (R) sponsored MA S2087.
