SB 46 – Authorizes an income tax deduction for capital gains

• Sponsor: Trent
• LR Number: 0131S.01I
• Committee: General Laws
• Last Action: 1/21/2025 - Hearing Scheduled S General Laws Committee
• Effective Date: August 28, 2025

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.

JOSH NORBERG

Amendments

No Amendments Found.