Mimi Walters
- Republican
Author
The Personal Income Tax Law provides, in modified conformity to federal income tax laws, for the manner in which taxable gains are to be recognized upon the disposition of property, including real property that is the principal residence of the taxpayer. This bill would, for taxable years beginning on or after January 1, 2010, provide that gross income does not include any gain from the sale or exchange of the principal residence of a taxpayer who is 65 years of age or older. This bill would take effect immediately as a tax levy.
No votes to display
From committee without further action.
Placed on REV. & TAX. suspense file.
Set for hearing May 12.
To Com. on REV. & TAX.
From print. May be acted upon on or after March 23.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB1416 | HTML |
| 02/19/10 - Introduced |
| Document | Format |
|---|---|
| No related documents. |
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