Relating to capital gains treatment of affordable housing property; prescribing an effective date.
Summary
Allows subtraction from federal taxable income of gain from sale of opportunity zone property, defined as property in low-income census tract developed for affordable housing and held for stated period of time. Applies to tax years beginning on or after January 1, 2019. Takes effect on 91st day following adjournment sine die.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2019
Committee Review
Floor Vote
Governor
Introduced Jan 22, 2019
Last action Jul 1, 2019
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
1
Committee
2
Jul 1, 2019
Lower · Passed
In committee upon adjournment.
lower
Jan 28, 2019
Committee
Referred to Human Services and Housing with subsequent referral to Revenue.
lower
Jan 22, 2019
Introduced
First reading. Referred to Speaker's desk.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Paul Evans
DDemocratic
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