Relating to tax treatment of carried interest; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.
Summary
Imposes additional tax on investment services partnership income treated as net capital gain and taxed at lower rate on personal income taxpayer's federal return. Applies to tax years beginning on or after January 1, 2022. Takes effect on 91st day following adjournment sine die.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2021
Committee Review
Floor Vote
Governor
Introduced Jan 11, 2021
Last action Jun 27, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
1
Committee
2
Jun 27, 2021
Upper · Passed
In committee upon adjournment.
upper
Jan 19, 2021
Committee
Referred to Finance and Revenue.
upper
Jan 11, 2021
Introduced
Introduction and first reading. Referred to President's desk.
upper
2 primary · 0 co-sponsors
Sponsors
Ask Maddy
·
AI policy assistant
Ask Maddy about SB 479
Scope: OR
Hi! I can help you understand SB 479. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline