Elaine Alquist
- Democratic
Author
Under existing law, capital gains taxes are imposed upon the sale of capital assets. This bill would memorialize the Congress and the President to enact legislation that would increase the amount of gain that a senior citizen 65 years of age and older and who pays for long-term care costs is allowed to exclude from income, from $250,000 to $500,000, and from $500,000 to $750,000 for joint returns, from the sale of the qualifying principal residence of the senior citizen.
Enrolled. To Secretary of State at 10:45 a.m.
Chaptered by Secretary of State. Res. Chapter 57, Statutes of 2010.
In Senate. To enrollment.
Read and adopted. (Ayes 76. Noes 0. Page 5930.) To Senate.
From committee: Be adopted. To Consent Calendar. (Ayes 9. Noes 0.)
(Heard in committee on June 28.)
To Com. on REV. & TAX.
Read and adopted. (Ayes 32. Noes 0. Page 3587.) To Assembly.
In Assembly. Held at Desk.
Read second time. To Consent Calendar.
From committee: Be adopted. To Consent Calendar. (Ayes 4. Noes 0. Page 3548.)
From committee with author's amendments. Read second time. Amended. Re-referred to Com. on REV. & TAX.
Set for hearing May 12.
Hearing postponed by committee.
Set for hearing April 28.
Introduced. To Com. on RLS.
| Bill Text Versions | Format |
|---|---|
| SJR20 | HTML |
| 01/25/10 - Introduced | |
| 05/05/10 - Amended Senate | |
| 07/02/10 - Enrolled | |
| 07/07/10 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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