H06762018 Regular Session
Amends existing law to provide for intangible personal property held at least twelve months under the definition of “qualifying property” for capital gains purposes.
INCOME TAXATION -- Amends existing law to provide for intangible personal property held at least twelve months under the definition of “qualifying property” for capital gains purposes.
INCOME TAXATION
STATEMENT OF PURPOSE
This legislation allows taxpayers to deduct 60% of the capital gain net income from the sale or exchange of intangible personal property held at least twelve (12) months.
LATEST ACTION
Reported Printed and Referred to Revenue & Taxation
BILL INFO
- Session
- 2018
- Chamber
- house
- Status date
- Mar 9, 2018