SB 1331
Initials VP/DD Page 1 Caucus & COW
ARIZONA HOUSE OF REPRESENTATIVES
Fifty-seventh Legislature
First Regular Session
Senate: FIN DP 4-3-0-0 | 3rd Read 17-12-1-0-0
House: WM DP 5-4-0-0
SB 1331: income tax subtraction; capital gains
Sponsor: Senator Mesnard, LD 13
Caucus & COW
Overview
Broadens the 25% subtraction to Arizona gross income to include all long-term capital gains
irrespective of when the assets were acquired.
History
Under A.R.S. § 43-1022, 25% of the income derived from long-term capital gains on assets
acquired beginning January 1, 2012 can be subtracted from an individual filer's taxable
income.
Provisions
1. Modifies the 25% subtraction to Arizona gross income to include all long-term capital
gains included in federal adjusted gross income irrespective of when assets were acquired,
beginning January 1, 2026. (Sec. 1)
2. Makes technical and conforming changes. (Sec. 1)
☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☒ Fiscal Note