Massachusetts · 194th Legislature (2025-2026) · Bill
S 1974: An Act aligning the long-term capital gains tax rate with the short-term capital gains tax rate
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 1974 is a bill introduced in the Massachusetts Senate on February 27, 2025. According to its official title, it concerns: An Act aligning the long-term capital gains tax rate with the short-term capital gains tax rate. Primary sponsor: Jamie Eldridge (Democratic). Most recent recorded action (July 15, 2026): Committee recommended ought NOT to pass and referred to the committee on House Steering, Policy and Scheduling.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
By Mr. Eldridge, a petition (accompanied by bill, Senate, No. 1974) of James B. Eldridge for legislation to align the long-term capital gains tax rate with the short-term capital gains tax rate. Revenue.
Sponsors
Sponsors by party (alphabetical): Democratic 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Jamie Eldridge | Primary sponsor | Democratic | Senate | Middlesex and Worcester |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Committee recommended ought NOT to pass and referred to the committee on House Steering, Policy and Scheduling
- Reporting date extended to Thursday June 25, 2026
- Hearing rescheduled to 10/03/2025 from 10:00 AM-12:35 PM in Gardner Auditorium Hearing updated to New End Time
- Hearing scheduled for 10/03/2025 from 10:00 AM-05:00 PM in Gardner Auditorium
- House concurred
- Referred to the committee on Revenue