Income tax on capital gains passes Senate in 25-24 Saturday vote


April 29, 2021

Truly unbelievable. A Senate floor vote to impose an income tax has occurred before the March 17 Revenue Forecast and budget release. The state Senate has taken the first step towards imposing an income tax with a 25-24 Saturday vote on SB 5096 (income tax on capital gains). The House is expected to quickly approve the bill and send it to the Governor. The emergency clause was removed, however,...

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