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