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Key Votes

HB 1002 - Capital Gains Reduction Act - Key Vote

Arkansas Key Votes

Stages

Family

Issues

Stage Details

Legislation - Bill Passed (House) (53-43) - (Key vote)

Title: Capital Gains Reduction Act

Vote Smart's Synopsis:

Vote to pass a bill that eliminates the capital gains tax on the sale of property in Arkansas.

Highlights:
-Specifies that if the taxpayer sells an Arkansas property, 100 percent of the net capital gain is exempt from income taxes if the net capital gain was obtained by the taxpayer after July 1, 2011 and was owned directly or indirectly by the taxpayer for more than 1 uninterrupted year before its sale (Sec. 2). -This act is effective for tax years beginning on or after January 1, 2012 (Sec. 3).
Legislation - Referred to Committee (Senate) -
Legislation - Introduced (House) -

Title: Capital Gains Reduction Act

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