HB 3496
Imposes additional personal income tax on portion of income treated as net capital gain.
| Status | In House Committee (HREV) |
| Sponsors | Farrah Chaichi (Democrat) (Chief) |
| Fiscal impact | May have fiscal impact, but no statement yet issued |
| Revenue impact | May have revenue impact, but no statement yet issued |
Bill Text
Imposes an additional personal income tax on net capital gains with revenue directed to funding legal representation for residential tenants in eviction proceedings.
Overview#
Imposes additional personal income tax on portion of income treated as net capital gain. Directs increase in revenue to funding legal representation of residential tenants in eviction proceedings. Applies to tax years beginning on or after January 1, 2024. Takes effect on 91st day following adjournment sine die.
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2023-02-28 | H | First reading. Referred to Speaker's desk. |
| 2023-03-03 | H | Referred to Revenue. |
| 2023-06-25 | H | In committee upon adjournment. |