Raising Revenue
194th General Court (2025-2026)
An Act Aligning the Long-Term Capital Gains Tax Rate With the Short-Term Capital Gains Tax Rate
Increases the long-term capital gains tax to 8.5%, which is equivalent to the rate for short-term capital gains. It will reduce tax avoidance schemes and it will provide critical funds for state programs, such as housing, environmental, social services, and more.
An Act to Allow Cities and Towns to Increase the Local Tax Rate on Meals
Allows municipalities to adopt an increase to their local meals tax. Currently, municipalities can adopt a local tax of .75% and this bill would allow, by local option, municipalities to adopt an additional .75% tax for a new total of 1.5%