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SB2441 • 2026

RELATING TO CAPITAL GAINS.

RELATING TO CAPITAL GAINS.

Taxes
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
RHOADS, MORIWAKI
Last action
2026-01-28
Official status
Referred to WAM.
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

RELATING TO CAPITAL GAINS.

RELATING TO CAPITAL GAINS.

What This Bill Does

  • RELATING TO CAPITAL GAINS.
  • Capital Gains Tax; Rate; Repeal Taxes capital gains income at the same rate as ordinary income.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-01-28 S

    Referred to WAM.

  2. 2026-01-22 S

    Passed First Reading.

  3. 2026-01-22 S

    Introduced.

Official Summary Text

RELATING TO CAPITAL GAINS.
Capital Gains Tax; Rate; Repeal
Taxes capital gains income at the same rate as ordinary income.

Current Bill Text

Read the full stored bill text
SB2441

THE SENATE

S.B. NO.

2441

THIRTY-THIRD LEGISLATURE, 2026

STATE OF HAWAII

A BILL FOR AN ACT

relating
to capital gains
.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

����
SECTION 1.
�
The legislature finds that Hawaii has a
capital gains tax rate of 7.25 per cent, which is lower than the tax rate many
of the State's residents pay on their wages and salaries.
�
The legislature further finds that the low
capital gains tax rate primarily benefits wealthy individuals, including
nonresidents who invest in real estate in the State.
�
According to the department of taxation,
taxing capital gains at the same rate as ordinary income could generate over
$132,000,000 in its first year of implementation, with that amount rising to an
estimated $187,000,000 within six years.

����
The
legislature additionally finds that revenue generated by taxing capital gains
at the same rate as ordinary income could be used to strengthen basic
government programs, including tax credits for working families, emergency
preparedness, disaster prevention, public education, affordable housing,
construction, mental health services, public preschool programming, childcare
access, climate change adaptation and mitigation, and homeless services.

����
The
legislature further finds that because section 55(b)(3) of the Internal Revenue
Code, which covers the maximum rate of tax on net capital gain of noncorporate
taxpayers, is inoperative for the State, a simple repeal of the applicable
provisions of the State's tax laws will impose the ordinary income tax rate to
capital gains income.

����
Accordingly,
the purpose of this Act is to strengthen tax fairness for working families by
taxing capital gains at the same rate as ordinary income.

����
SECTION

2
.
�
Section 235-51,
Hawaii Revised Statutes, is amended to read as follows:

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"�235-51
�
Tax imposed on individuals; rates.
�
(a)
�

There is hereby imposed on the taxable income of every:

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(1)
�
Taxpayer who files a joint return under
section 235‑93; and

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(2)
�
Surviving spouse,

a tax
determined in accordance with the following table:

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In the case of any taxable year beginning
after December 31, 2017:

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If the taxable income is:
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The tax shall be:

���������
Not over $4,800
��������������
1.40% of taxable income

���������
Over $4,800 but
��������������
$67.00 plus 3.20% of

������������
not over $9,600
��������������
excess over $4,800

���������
Over $9,600 but
��������������
$221.00 plus 5.50% of

������������
not over $19,200
�������������
excess over $9,600

���������
Over $19,200 but
�������������
$749.00 plus 6.40% of

������������
not over $28,800
�������������
excess over $19,200

���������
Over $28,800 but
�������������
$1,363.00 plus 6.80% of

������������
not over $38,400
�������������
excess over $28,800

���������
Over $38,400 but
�������������
$2,016.00 plus 7.20% of

������������
not over $48,000
�������������
excess over $38,400

���������
Over $48,000 but
�������������
$2,707.00 plus 7.60% of

������������
not over $72,000
�������������
excess over $48,000

���������
Over $72,000 but
�������������
$4,531.00 plus 7.90% of

������������
not over $96,000
�������������
excess over $72,000

���������
Over $96,000 but
�������������
$6,427.00 plus 8.25% of

������������
not over $300,000
������������
excess over $96,000

���������
Over $300,000 but
������������
$23,257.00 plus 9.00% of

������������
not over $350,000
������������
excess over $300,000

���������
Over
$350,000 but
������������
$27,757.00 plus
10.00% of

������������
not over $400,000
������������
excess over $350,000

���������
Over
$400,000
����������������
$32,757.00 plus
11.00% of

������������������������������������������
excess
over $400,000.

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In the case of any taxable year beginning
after December 31, 2024:

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If the taxable income is:
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The tax shall be:

���������
Not over $19,200
�������������
1.40% of taxable income

���������
Over $19,200 but
�������������
$269.00 plus 3.20% of

������������
not over $28,800
�������������
excess over $19,200

���������
Over $28,800 but
�������������
$576.00 plus 5.50% of

������������
not over $38,400
�������������
excess over $28,800

���������
Over $38,400 but
�������������
$1,104.00 plus 6.40% of

������������
not over $48,000
�������������
excess over $38,400

���������
Over $48,000 but
�������������
$1,718.00 plus 6.80% of

������������
not over $72,000
�������������
excess over $48,000

���������
Over $72,000 but
�������������
$3,350.00 plus 7.20% of

������������
not over $96,000
�������������
excess over $72,000

���������
Over $96,000 but
�������������
$5,078.00 plus 7.60% of

������������
not over $250,000
������������
excess over $96,000

���������
Over $250,000 but
������������
$16,782.00 plus 7.90% of

������������
not over $350,000
������������
excess over $250,000

���������
Over $350,000 but
������������
$24,682.00 plus 8.25% of

������������
not over $450,000
������������
excess over $350,000

���������
Over $450,000 but
������������
$32,932.00 plus 9.00% of

������������
not over $550,000
������������
excess over $450,000

���������
Over
$550,000 but
������������
$41,932.00 plus
10.00% of

������������
not over $650,000
������������
excess over $550,000

���������
Over
$650,000
����������������
$51,932.00 plus
11.00% of

������������������������������������������
excess
over $650,000.

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In the case of any taxable year beginning
after December 31, 2026:

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If the taxable income is:
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The tax shall be:

���������
Not over $28,800
�������������
1.40% of taxable income

���������
Over $28,800 but
�������������
$403.00 plus 3.20% of

������������
not over $38,400
�������������
excess over $28,800

���������
Over $38,400 but
�������������
$710.00 plus 5.50% of

������������
not over $48,000
�������������
excess over $38,400

���������
Over $48,000 but
�������������
$1,238.00 plus 6.40% of

������������
not over $72,000
�������������
excess over $48,000

���������
Over $72,000 but
�������������
$2,774.00 plus 6.80% of

������������
not over $96,000
�������������
excess over $72,000

���������
Over $96,000 but
�������������
$4,406.00 plus 7.20% of

������������
not over $250,000
������������
excess over $96,000

���������
Over $250,000 but
������������
$15,494.00 plus 7.60% of

������������
not over $350,000
������������
excess over $250,000

���������
Over $350,000 but
������������
$23,094.00 plus 7.90% of

������������
not over $450,000
������������
excess over $350,000

���������
Over $450,000 but
������������
$30,994.00 plus 8.25% of

������������
not over $550,000
������������
excess over $450,000

���������
Over $550,000 but
������������
$39,244.00 plus 9.00% of

������������
not over $650,000
������������
excess over $550,000

���������
Over
$650,000 but
������������
$48,244.00 plus
10.00% of

������������
not over $800,000
������������
excess over $650,000

���������
Over
$800,000
����������������
$63,244.00 plus
11.00% of

������������������������������������������
excess
over $800,000.

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In the case of any taxable year beginning
after December 31, 2028:

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If the taxable income is:
����
The tax shall be:

���������
Not over $38,400
�������������
1.40% of taxable income

���������
Over $38,400 but
�������������
$538.00 plus 3.20% of

������������
not over $48,000
�������������
excess over $38,400

���������
Over $48,000 but
�������������
$845.00 plus 5.50% of

������������
not over $72,000
�������������
excess over $48,000

���������
Over $72,000 but
�������������
$2,165.00 plus 6.40% of

������������
not over $96,000
�������������
excess over $72,000

���������
Over $96,000 but
�������������
$3,701.00 plus 6.80% of

������������
not over $250,000
������������
excess over $96,000

���������
Over $250,000 but
������������
$14,173.00 plus 7.20% of

������������
not over $350,000
������������
excess over $250,000

���������
Over $350,000 but
������������
$21,373.00 plus 7.60% of

������������
not over $450,000
������������
excess over $350,000

���������
Over $450,000 but
������������
$28,973.00 plus 7.90% of

������������
not over $550,000
������������
excess over $450,000

���������
Over $550,000 but
������������
$36,873.00 plus 8.25% of

������������
not over $650,000
������������
excess over $550,000

���������
Over $650,000 but
������������
$45,123.00 plus 9.00% of

������������
not over $800,000
������������
excess over $650,000

���������
Over
$800,000 but
������������
$58,623.00 plus
10.00% of

������������
not over $950,000
������������
excess over $800,000

���������
Over
$950,000
����������������
$73,623.00 plus
11.00% of

������������������������������������������
excess
over $950,000.

����
(b)
�

There is hereby imposed on the taxable income of every head of a
household a tax determined in accordance with the following table:

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In the case of any taxable year beginning
after December 31, 2017:

���������
If the taxable income is:
����
The tax shall be:

���������
Not over $3,600
��������������
1.40% of taxable income

���������
Over $3,600 but
��������������
$50.00 plus 3.20% of

������������
not over $7,200
��������������
excess over $3,600

���������
Over $7,200 but
��������������
$166.00 plus 5.50% of

������������
not over $14,400
�������������
excess over $7,200

���������
Over $14,400 but
�������������
$562.00 plus 6.40% of

������������
not over $21,600
�������������
excess over $14,400

���������
Over $21,600 but
�������������
$1,022.00 plus 6.80% of

������������
not over $28,800
�������������
excess over $21,600

���������
Over $28,800 but
�������������
$1,512.00 plus 7.20% of

������������
not over $36,000
�������������
excess over $28,800

���������
Over $36,000 but
�������������
$2,030.00 plus 7.60% of

������������
not over $54,000
�������������
excess over $36,000

���������
Over $54,000 but
�������������
$3,398.00 plus 7.90% of

������������
not over $72,000
�������������
excess over $54,000

���������
Over $72,000 but
�������������
$4,820.00 plus 8.25% of

������������
not over $225,000
������������
excess over $72,000

���������
Over $225,000 but
������������
$17,443.00 plus 9.00% of

������������
not over $262,500
������������
excess over $225,000

���������
Over
$262,500 but
������������
$20,818.00 plus
10.00% of

������������
not over $300,000
������������
excess over $262,500

���������
Over
$300,000
����������������
$24,568.00 plus
11.00% of

������������������������������������������
excess
over $300,000.

����
In the case of any taxable year beginning
after December 31, 2024:

���������
If the taxable income is:
����
The tax shall be:

���������
Not over $14,400
�������������
1.40% of taxable income

���������
Over $14,400 but
�������������
$202.00 plus 3.20% of

������������
not over $21,600
�������������
excess over $14,400

���������
Over $21,600 but
�������������
$432.00 plus 5.50% of

������������
not over $28,800
�������������
excess over $21,600

���������
Over $28,800 but
�������������
$828.00 plus 6.40% of

������������
not over $36,000
�������������
excess over $28,800

���������
Over $36,000 but
�������������
$1,289.00 plus 6.80% of

������������
not over $54,000
�������������
excess over $36,000

���������
Over $54,000 but
�������������
$2,513.00 plus 7.20% of

������������
not over $72,000
�������������
excess over $54,000

���������
Over $72,000 but
�������������
$3,809.00 plus 7.60% of

������������
not over $187,500
������������
excess over $72,000

���������
Over $187,500 but
������������
$12,587.00 plus 7.90% of

������������
not over $262,500
������������
excess over $187,500

���������
Over $262,500 but
������������
$18,512.00 plus 8.25% of

������������
not over $337,500
������������
excess over $262,500

���������
Over $337,500 but
������������
$24,699.00 plus 9.00% of

������������
not over $412,500
������������
excess over $337,500

���������
Over
$412,500 but
������������
$31,449.00 plus
10.00% of

������������
not over $487,500
������������
excess over $412,500

���������
Over
$487,500
����������������
$38,949.00 plus
11.00% of

������������������������������������������
excess
over $487,500.

����
In the case of any taxable year beginning
after December 31, 2026:

���������
If the taxable income is:
����
The tax shall be:

���������
Not over $21,600
�������������
1.40% of taxable income

���������
Over $21,600 but
�������������
$302.00 plus 3.20% of

������������
not over $28,800
�������������
excess over $21,600

���������
Over $28,800 but
�������������
$533.00 plus 5.50% of

������������
not over $36,000
�������������
excess over $28,800

���������
Over $36,000 but
�������������
$929.00 plus 6.40% of

������������
not over $54,000
�������������
excess over $36,000

���������
Over $54,000 but
�������������
$2,081.00 plus 6.80% of

������������
not over $72,000
�������������
excess over $54,000

���������
Over $72,000 but
�������������
$3,305.00 plus 7.20% of

������������
not over $187,500
������������
excess over $72,000

���������
Over $187,500 but
������������
$11,621.00 plus 7.60% of

������������
not over $262,500
������������
excess over $187,500

���������
Over $262,500 but
������������
$17,321.00 plus 7.90% of

������������
not over $337,500
������������
excess over $262,500

���������
Over $337,500 but
������������
$23,246.00 plus 8.25% of

������������
not over $412,500
������������
excess over $337,500

���������
Over $412,500 but
������������
$29,433.00 plus 9.00% of

������������
not over $487,500
������������
excess over $412,500

���������
Over
$487,500 but
������������
$36,183.00 plus
10.00% of

������������
not over $600,000
������������
excess over $487,500

���������
Over
$600,000
����������������
$47,433.00 plus
11.00% of

������������������������������������������
excess
over $600,000.

����
In the case of any taxable year beginning
after December 31, 2028:

���������
If the taxable income is:
����
The tax shall be:

���������
Not over $28,800
�������������
1.40% of taxable income

���������
Over $28,800 but
�������������
$403.00 plus 3.20% of

������������
not over $36,000
�������������
excess over $28,800

���������
Over $36,000 but
�������������
$634.00 plus 5.50% of

������������
not over $54,000
�������������
excess over $36,000

���������
Over $54,000 but
�������������
$1,624.00 plus 6.40% of

������������
not over $72,000
�������������
excess over $54,000

���������
Over $72,000 but
�������������
$2,776.00 plus 6.80% of

������������
not over $187,500
������������
excess over $72,000

���������
Over $187,500 but
������������
$10,630.00 plus 7.20% of

������������
not over $262,500
������������
excess over $187,500

���������
Over $262,500 but
������������
$16,030.00 plus 7.60% of

������������
not over $337,500
������������
excess over $262,500

���������
Over $337,500 but
������������
$21,730.00 plus 7.90% of

������������
not over $412,500
������������
excess over $337,500

���������
Over $412,500 but
������������
$27,655.00 plus 8.25% of

������������
not over $487,500
������������
excess over $412,500

���������
Over $487,500 but
������������
$33,842.00 plus 9.00% of

������������
not over $600,000
������������
excess over $487,500

���������
Over
$600,000 but
������������
$43,967.00 plus
10.00% of

������������
not over $712,500
������������
excess over $600,000

���������
Over
$712,500
����������������
$55,217.00 plus
11.00% of

������������������������������������������
excess
over $712,500.

����
(c)
�

There is hereby imposed on the taxable income of (1) every unmarried
individual (other than a surviving spouse, or the head of a household) and (2)
on the taxable income of every married individual who does not make a single
return jointly with the individual's spouse under section 235-93 a tax
determined in accordance with the following table:

����
In the case of any taxable year beginning
after December 31, 2017:

���������
If the taxable income is:
����
The tax shall be:

���������
Not over $2,400
��������������
1.40% of taxable income

���������
Over $2,400 but
��������������
$34.00 plus 3.20% of

������������
not over $4,800
��������������
excess over $2,400

���������
Over $4,800 but
��������������
$110.00 plus 5.50% of

������������
not over $9,600
��������������
excess over $4,800

���������
Over $9,600 but
��������������
$374.00 plus 6.40% of

������������
not over $14,400
�������������
excess over $9,600

���������
Over $14,400 but
�������������
$682.00 plus 6.80% of

������������
not over $19,200
�������������
excess over $14,400

���������
Over $19,200 but
�������������
$1,008.00 plus 7.20% of

������������
not over $24,000
�������������
excess over $19,200

���������
Over $24,000 but
�������������
$1,354.00 plus 7.60% of

������������
not over $36,000
�������������
excess over $24,000

���������
Over $36,000 but
�������������
$2,266.00 plus 7.90% of

������������
not over $48,000
�������������
excess over $36,000

���������
Over
$48,000 but
�������������
$3,214.00 plus
8.25% of

������������
not over $150,000
������������
excess over $48,000

���������
Over $150,000 but
������������
$11,629.00 plus 9.00% of

������������
not over $175,000
������������
excess over $150,000

���������
Over
$175,000 but
������������
$13,879.00 plus
10.00% of

������������
not over $200,000
������������
excess over $175,000

���������
Over
$200,000
����������������
$16,379.00 plus
11.00% of

������������������������������������������
excess
over $200,000.

����
In the case of any taxable year beginning
after December 31, 2024:

���������
If the taxable income is:
����
The tax shall be:

���������
Not over $9,600
��������������
1.40% of taxable income

���������
Over $9,600 but
��������������
$134.00 plus 3.20% of

������������
not over $14,400
�������������
excess over $9,600

���������
Over $14,400 but
�������������
$288.00 plus 5.50% of

������������
not over $19,200
�������������
excess over $14,400

���������
Over $19,200 but
�������������
$552.00 plus 6.40% of

������������
not over $24,000
�������������
excess over $19,200

���������
Over $24,000 but
�������������
$859.00 plus 6.80% of

������������
not over $36,000
�������������
excess over $24,000

���������
Over $36,000 but
�������������
$1,675.00 plus 7.20% of

������������
not over $48,000
�������������
excess over $36,000

���������
Over $48,000 but
�������������
$2,539.00 plus 7.60% of

������������
not over $125,000
������������
excess over $48,000

���������
Over $125,000 but
������������
$8,391.00 plus 7.90% of

������������
not over $175,000
������������
excess over $125,000

���������
Over $175,000 but
������������
$12,341.00 plus 8.25% of

������������
not over $225,000
������������
excess over $175,000

���������
Over $225,000 but
������������
$16,466.00 plus 9.00% of

������������
not over $275,000
������������
excess over $225,000

���������
Over
$275,000 but
������������
$20,966.00 plus
10.00% of

������������
not over $325,000
������������
excess over $275,000

���������
Over
$325,000
����������������
$25,966.00 plus
11.00% of

������������������������������������������
excess
over $325,000.

����
In the case of any taxable year beginning
after December 31, 2026:

���������
If the taxable income is:
����
The tax shall be:

���������
Not over $14,400
�������������
1.40% of taxable income

���������
Over $14,400 but
�������������
$202.00 plus 3.20% of

������������
not over $19,200
�������������
excess over $14,400

���������
Over $19,200 but
�������������
$355.00 plus 5.50% of

������������
not over $24,000
�������������
excess over $19,200

���������
Over $24,000 but
�������������
$619.00 plus 6.40% of

������������
not over $36,000
�������������
excess over $24,000

���������
Over $36,000 but
�������������
$1,387.00 plus 6.80% of

������������
not over $48,000
�������������
excess over $36,000

���������
Over $48,000 but
�������������
$2,203.00 plus 7.20% of

������������
not over $125,000
������������
excess over $48,000

���������
Over $125,000 but
������������
$7,747.00 plus 7.60% of

������������
not over $175,000
������������
excess over $125,000

���������
Over $175,000 but
������������
$11,547.00 plus 7.90% of

������������
not over $225,000
������������
excess over $175,000

���������
Over $225,000 but
������������
$15,497.00 plus 8.25% of

������������
not over $275,000
������������
excess over $225,000

���������
Over $275,000 but
������������
$19,622.00 plus 9.00% of

������������
not over $325,000
������������
excess over $275,000

���������
Over
$325,000 but
������������
$24,122.00 plus
10.00% of

������������
not over $400,000
������������
excess over $325,000

���������
Over
$400,000
����������������
$31,622.00 plus
11.00% of

������������������������������������������
excess
over $400,000.

����
In the case of any taxable year beginning
after December 31, 2028:

���������
If the taxable income is:
����
The tax shall be:

���������
Not over $19,200
�������������
1.40% of taxable income

���������
Over $19,200 but
�������������
$269.00 plus 3.20% of

������������
not over $24,000
�������������
excess over $19,200

���������
Over $24,000 but
�������������
$422.00 plus 5.50% of

������������
not over $36,000
�������������
excess over $24,000

���������
Over $36,000 but
�������������
$1,082.00 plus 6.40% of

������������
not over $48,000
�������������
excess over $36,000

���������
Over $48,000 but
�������������
$1,850.00 plus 6.80% of

������������
not over $125,000
������������
excess over $48,000

���������
Over $125,000 but
������������
$7,086.00 plus 7.20% of

������������
not over $175,000
������������
excess over $125,000

���������
Over $175,000 but
������������
$10,686.00 plus 7.60% of

������������
not over $225,000
������������
excess over $175,000

���������
Over $225,000 but
������������
$14,486.00 plus 7.90% of

������������
not over $275,000
������������
excess over $225,000

���������
Over $275,000 but
������������
$18,436.00 plus 8.25% of

������������
not over $325,000
������������
excess over $275,000

���������
Over $325,000 but
������������
$22,561.00 plus 9.00% of

������������
not over $400,000
������������
excess over $325,000

���������
Over
$400,000 but
������������
$29,311.00 plus
10.00% of

������������
not over $475,000
������������
excess over $400,000

���������
Over
$475,000
����������������
$36,811.00 plus
11.00% of

������������������������������������������
excess
over $475,000.

����
(d)
�
The tax imposed by section 235-2.45 on
estates and trusts shall be determined in accordance with the following table:

����
In the case of any taxable year
beginning after December 31, 2001:

���������
If the taxable income is:
����
The tax shall be:

���������
Not over $2,000
��������������
1.40% of taxable income

���������
Over $2,000 but
��������������
$28.00 plus 3.20% of

������������
not over $4,000
��������������
excess over $2,000

���������
Over $4,000 but
��������������
$92.00 plus 5.50% of

������������
not over $8,000
��������������
excess over $4,000

���������
Over $8,000 but
��������������
$312.00 plus 6.40% of

������������
not over $12,000
�������������
excess over $8,000

���������
Over $12,000 but
�������������
$568.00 plus 6.80% of

������������
not over $16,000
�������������
excess over $12,000

���������
Over $16,000 but
�������������
$840.00 plus 7.20% of

������������
not over $20,000
�������������
excess over $16,000

���������
Over $20,000 but
�������������
$1,128.00 plus 7.60% of

������������
not over $30,000
�������������
excess over $20,000

���������
Over $30,000 but
�������������
$1,888.00 plus 7.90% of

������������
not over $40,000
�������������
excess over $30,000

���������
Over $40,000
�����������������
$2,678.00 plus 8.25% of

������������������������������������������
excess
over $40,000.

����
(e)
�
Any taxpayer, other than a corporation,
acting as a business entity in more than one state who is required by this
chapter to file a return may elect to report and pay a tax of .5 per cent of
the taxpayer's annual gross sales if the:

����
(1)
�
Taxpayer's only activities in this
State consist of sales;

����
(2)
�
Taxpayer does not own or rent real
estate or tangible personal property; and

����
(3)
�
Taxpayer's annual gross sales in or
into this State during the tax year is not in excess of $100,000.

����
[
(f)
�
If a taxpayer has a net capital gain for any
taxable year to which this subsection applies, then the tax imposed by this
section shall not exceed the sum of:

����
(1)
�
The tax computed at the rates and in
the same manner as if this subsection had not been enacted on the greater of:

���������
(A)
�
The taxable income reduced by the
amount of net capital gain, or

���������
(B)
�
The amount of taxable income taxed
at a rate below 7.25 per cent, plus

����
(2)
�
A tax of 7.25 per cent of the amount
of taxable income in excess of the amount determined under paragraph (1).

����
This
subsection shall apply to individuals, estates, and trusts for taxable years
beginning after December 31, 1986.
]"

����
SECTION 3.
�

Statutory material to be repealed is bracketed and stricken.

����
SECTION 4.
�

This Act, upon its approval, shall apply to taxable years beginning
after December 31, 2025.

INTRODUCED BY:

_____________________________

Report Title:

Capital
Gains Tax; Rate; Repeal

Description:

Taxes
capital gains income at the same rate as ordinary income.

The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.