SB 1575 - Crawford, Sandy
Modifies provisions relating to capital gains taxes
Bill Details
Sponsor
LR Number
6743S.02I
Title
SB 1575
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2026
Committee
Current Status
SCS Voted Do Pass S Economic and Workforce Development Committee (6743S.04C)
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SCS/SB 1575 - Current law authorizes an income tax deduction for 100% of income reported as a capital gain for federal income tax purposes. The act also applies such capital gains tax provisions to the taxable income of a resident estate or trust.
This act is substantially similar to HB 2945 (2026).
JOSH NORBERG