Budget Amendment ID: FY2026-S3-800

OTH 800

Short Term Capital Gains Rate

Messrs. Tarr and Durant, Mrs. Dooner and Mr. O'Connor moved that the proposed new text be amended by inserting after section _ the following new section:-

"SECTION 1 Section 8 of Chapter 50 of the Acts of 2023 is hereby amended by striking therein the term "8.5 percent" and replacing it therein with the following:-- "6.84 percent"

SECTION 2. Section 8 of Chapter 50 of the Acts of 2023 is hereby amended by striking therein the term "8.5 percent" and replacing it therein with the following:-- "5.18 percent"

Section 3. Section 8 of Chapter 50 of the Acts of 2023 is hereby amended by striking therein the term "8.5 percent" and replacing it therein with the following:-- "5 percent"

Section 4. Section 1 shall take effect for the fiscal year immediately following the passage of this act.

Section 5. Section 2 shall take effect for the fiscal year one year after the passage of this act.

Section 6. Section 3 shall take effect for the fiscal year two years after the passage of this act."