Amends tax law to provide for additional subtractions for capital gains that are recharacterized as ordinary income by IRS
Income tax; limiting certain capital gains deduction to certain tax years. Effective date.
Income tax; limiting certain capital gains deduction to certain tax years. Effective date.
Authorizes an income tax deduction for capital gains
Income tax subtraction; capital gains
Individual income, corporate franchise, sales and use, and gross receipts taxes and other various taxes and tax-related provisions modified; federal conformity provided; sustainable aviation fuel credit modified, firearms gross receipts tax imposed, social media tax imposed, and money appropriated.
Modifies provisions relating to the calculation of income tax, repealing income tax subtractions for certain capital gains
Modifies provisions relating to the calculation of income tax, repealing income tax subtractions for certain capital gains
Individual income tax and corporate franchise tax phased out.
Individual income tax and corporate tax phasing out provision