Strengthen the Commonwealth

Strengthen the Foundation of the Commonwealth Act: A Starting Point for Progressive Taxation - HD1018 -

  • Raises the tax rate on interest, dividends, and long-term capital gains from 5.0% to 8.95%

  • Removes the step-up in basis used to calculate capital gains tax on inherited assets

  • Increases the minimum corporate excise tax above the fixed baseline of $456, which has remained unchanged for decades

the decision makers

Joint Committee on Revenue

Who on committee has co-sponsored:

state senators:

Adam Hindsred x
Adam Hinds (D)
Pittsfield

chair

Brendan Crightonred x
Brendan Crighton (D)
Lynn

chair

Nick Collinsred x
Nick Collins (D)
Boston
Rebecca Rauschred x
Rebecca Rausch (D)
Needham
Walter Timiltyred x
Walter Timilty (D)
Milton
Ryan Fattmanred x
Ryan Fattman (R)
Sutton

state representatives:

Mark Cusackred x
Mark Cusack (D)
Braintree

chair

David Linskyred x
David Linsky (D)
Natick

chair

Colleen Garryred x
Colleen Garry (D)
Dracut
Gerard Cassidyred x
Gerard Cassidy (D)
Brockton
Mindy Dombred x
Mindy Domb (D)
Amherst
Susannah Whippsred x
Susannah Whipps (I)
Athol
Christopher Markeyred x
Christopher Markey (D)
Dartmouth
Rob Consalvored x
Rob Consalvo (D)
Erika Uyterhoevengreen check
Erika Uyterhoeven (D)
Michael Soterred x
Michael Soter (R)
Bellingham
Joseph McKennared x
Joseph McKenna (R)
Webster

Who has co-sponsored:

History of the bill

2020

Oct 2019

Hearing scheduled with Joint Committee on Revenue

Jan 2019

Bill filed for the first time

2019