Legislation - HB0133

Altering the State individual and corporate income tax rates; increasing, from 2% to 3%, the income tax rate imposed on the net capital gains attributable to certain sources of income; exempting from the income tax on net capital gains the first $10,000 in net capital gains of an individual who is at least 65 years old; reducing, from 6% to 3%, the sales and use tax rate; reducing, from 9% to 3%, the sales and use tax rate on alcohol and cannabis sales; repealing the sales and use tax on the sale of certain technology services; etc.

Committees

Original:: Ways and Means

Details

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2026

History

Legislation History
Chamber House Calendar Date 9/17/2025 Legislative Date 9/17/2025 Action Pre-filed Proceedings
Chamber House Calendar Date 1/14/2026 Legislative Date 1/14/2026 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax and Sales and Use Tax - Rate Reductions and Alterations Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	9/17/2025	9/17/2025	Pre-filed
House	1/14/2026	1/14/2026	First Reading Ways and Means
			Text - First - Income Tax and Sales and Use Tax - Rate Reductions and Alterations

File Code

Subjects

Statutes