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Key Votes

SB 1086 - Repeals Capital Gains Deduction - Oklahoma Key Vote

Timeline

Issues Related to SB 1086

Stage Details

Legislation - Referred to Committee (House) -

Title: Repeals Capital Gains Deduction

Legislation - Bill Passed (Senate) (30-9) - (Key vote)
See How Your Politicians Voted

Title: Repeals Capital Gains Deduction

Vote Result
Yea Votes
Nay Votes
Vote Smart's Synopsis:

Vote to pass a bill that repeals the capital gains state income tax deduction, effective November 1, 2018.

Highlights:

 

  • Repeals the corporate capital gains state income tax deduction for tax years beginning after December 31, 2018 (Sec. 1).

  • Prohibits applying a capital gains deduction for gains resulting from the sale of certain property by corporations if such property is sold after July 1, 2018 (Sec. 1).

  • Repeals the individual capital gains state income tax deduction for tax years beginning after December 31, 2018 (Sec. 1).

  • Prohibits applying a capital gains deduction for gains resulting from the sale of certain property by individuals if such property is sold after July 1, 2018 (Sec. 1).

Legislation - Introduced (Senate) -

Title: Repeals Capital Gains Deduction

Co-sponsors

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