Amendment #1590 to H4000

Reduce the Short-Term Capital Gains Tax

Mr. Boldyga of Southwick moves to amend the bill by adding the following section:

"SECTION XXXX. Notwithstanding any laws to the contrary, taxable income consisting of short-term capital gains, as defined in Section 1 of Chapter 62 of the General Laws, shall be taxed at the rate of 5 per cent starting on July 4, 2026."