The expenditure provides a 50% deduction for long-term capital gains on the sale or exchange of collectibles
Origin: M.G.L. c. 62, § 2(c)(3)
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2020
FY2021
FY2022
FY2023
FY2024
Personal Income Tax
Deductions from Gross Income
1.201
Capital Gains Deduction for Collectibles
The expenditure provides a 50% deduction for long-term capital gains on the sale or exchange of collectibles
<a href="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter62/Section2" target="_blank">M.G.L. c. 62, § 2(c)(3)</a>
2.1
2.1
2.2
2.2
2.3
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