HOUSE DOCKET, NO. 2313        FILED ON: 1/20/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2529

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Bradley H. Jones, Jr.

_________________

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 temporary capital gains decreases.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

Bradley H. Jones, Jr.

20th Middlesex

1/20/2011

Donald F. Humason, Jr.

4th Hampden

1/27/2011

Marc T. Lombardo

22nd Middlesex

1/28/2011

Randy Hunt

5th Barnstable

2/2/2011

F. Jay Barrows

1st Bristol

2/2/2011

Shaunna O'Connell

3rd Bristol

2/2/2011

George T. Ross

2nd Bristol

2/3/2011

Todd M. Smola

1st Hampden

2/3/2011

Sheila C. Harrington

1st Middlesex

2/4/2011

Steven L. Levy

4th Middlesex

2/4/2011

Paul K. Frost

7th Worcester

2/4/2011

George N. Peterson, Jr.

9th Worcester

2/4/2011

Elizabeth A. Poirier

14th Bristol

1/21/2011

Viriato Manuel deMacedo

1st Plymouth

2/1/2011


HOUSE DOCKET, NO. 2313        FILED ON: 1/20/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2529

By Mr. Jones of North Reading, a petition (accompanied by bill, House, No. 2529) of Bradley H. Jones, Jr., and others relative to temporary capital gains decreases.  Revenue.

 

The Commonwealth of Massachusetts

 

_______________

In the Year Two Thousand Eleven

_______________

 

An Act relative to temporary capital gains decreases.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION 1.Subsection (a) of section 4 of chapter 62 of the General Laws, as appearing in the 2008 Official Edition, is hereby amended by striking subdivision (1) and inserting in place thereof the following subdivision:

(1)part A taxable income consisting of capital gains shall be taxed at the rate of 6 percent for tax years beginning on or after January 1, 2013; and at a rate of 12 percent for tax years beginning on or after January 1, 2015.