HB 1402 - Amends Income Tax Applicable to Capital Gains - Arkansas Key Vote

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Title: Amends Income Tax Applicable to Capital Gains

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Title: Amends Income Tax Applicable to Capital Gains

Vote Smart's Synopsis:

Vote to pass a bill that amends the income tax applicable to capital gains.

Highlights:

  • Increases the percentage of capital gains that are exempt from the state income tax to 45 percent effective February 1, 2015 and to 50 percent effective July 1, 2016 (Sec. 1).
  • Exempts net capital gains in excess of $10 million that were realized on or after January 1, 2014 from the state income tax (Sec. 2).

Title: Amends Income Tax Applicable to Capital Gains

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