HB1210
Income tax, state; subtraction for long-term capital gains from sale of principal residence.
Status:
In House
Latest Action:
Feb. 2, 2026
House: Subcommittee recommends laying on the table (7-Y 3-N)
Chief Patron:
Briana Sewell (D)
Session:
2026 Regular Session
Summary
As Introduced. Individual income tax subtraction; long-term capital gains from sale of principal residence.
Provides an individual income tax subtraction in taxable years 2025 through 2029 for income that is (i) taxed as a long-term capital gain for federal income tax purposes, (ii) attributable to the sale of property that served as the taxpayer's principal residence for at least two of the five years ... (More) preceding such sale, and (iii) in excess of federal limitations only allowing an exclusion from gross income for up to $250,000, or $500,000, for joint filers, of gain from such a sale. (Less)-
Bill History
- 01/14/2026 - House: Prefiled and ordered printed; Offered 01-14-2026 26104794D
- 01/14/2026 - House: Referred to Committee on Finance
- 01/22/2026 - House: Fiscal Impact statement From TAX (1/22/2026 6:12 pm)
- 01/30/2026 - House: Placed on Finance Agenda
- 02/02/2026 - House: Subcommittee recommends laying on the table (7-Y 3-N)
