Legislative Update from April 22, 2021
22 de abr. de 2021 ·
1m 30s
![Legislative Update from April 22, 2021](https://d3wo5wojvuv7l.cloudfront.net/t_square_limited_480/images.spreaker.com/original/f2db8649b1fec3d8130ee5f81794802c.jpg)
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Descripción
In the afternoon of April 21st, the House convened for a floor debate on the highly-contentious capital gains tax bill. SB 5096 aims to impose a 7% tax on the...
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In the afternoon of April 21st, the House convened for a floor debate on the highly-contentious capital gains tax bill. SB 5096 aims to impose a 7% tax on the sales of high-valued assets, such as stocks and bonds--with profits in excess of $250,000. The tax will fund child care and education in the state. Exempt from the tax are retirement funds, all real estate, agricultural resources such as farmland, livestock and timber; as well as qualified family-owned businesses, among others.
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