Menu
2024 Session

Budget Amendments - SB30 (Member Request)

View Budget Item
View Budget Item amendments

Chief Patron: Salim
Digital Asset Capital Gains Subtraction (SB 339) (language only)

Item 0 #14s

Item 0 #14s

Revenues
Revenues

Language

Page 1, strike line 25 and insert:"

        

Official Revenue Estimate

$28,121,286,852

$29,646,802,918

$57,768,089,770

"



Explanation

(This amendment accompanies Senate Bill 339, providing up to $200 per transaction of any net capital gain from exchanges, beginning on and after January 1, 2024, for one legal tender to another legal tender, shall be subtracted from taxable income computations. This amendment assumes a general fund revenue reduction of $100,000 each year as a placeholder. The actual revenue impact is to be determined.)