SB 46 - Trent, Curtis
Authorizes an income tax deduction for capital gains
Bill Details
Sponsor
LR Number
0131S.01I
Title
SB 46
House Handler
Journal Page
N/A
Co-Sponsors
Effective Date
August 28, 2025
Committee
Current Status
Informal Calendar S Bills for Perfection
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 46 - For all tax years beginning on or after January 1, 2025, this act authorizes an income tax deduction for one hundred percent of all income reported as a capital gain for federal income tax purposes.
This act is identical to a provision in HCS/SCS/SB 163 (2025) and HCS/HB 798 (2025), and is substantially similar to a provision in SS#2/HCS/HBs 594 & 508 (2025).
JOSH NORBERG