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Key Votes

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

Timeline

Issues Related to HB 1402

Stage Details

Legislation - Signed (Executive) -

Title: Amends Income Tax Applicable to Capital Gains

Legislation - Bill Passed (Senate) (24-9) - (Key vote)
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Title: Amends Income Tax Applicable to Capital Gains

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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).
Legislation - Bill Passed (House) (68-17) -

Title: Amends Income Tax Applicable to Capital Gains

Legislation - Introduced (House) -

Title: Amends Income Tax Applicable to Capital Gains

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