This bill would exclude from gross income of individuals the net capital gain derived from the exchange of precious metal bullion
This bill would also include as a deduction of individuals from gross income the net capital loss derived from the exchange of precious metal bullion
Relating to state income tax as for individuals; to amend Sections 40-18-14 and 40-18-15, Code of Alabama 1975; to exclude net capital gains and losses derived from the exchange of precious metal bullion from state income taxes.
|February 4, 2020||H||Read for the first time and referred to the House of Representatives committee on Ways and Means Education|
|Bill Text||HB122 Alabama 2020 Session - Introduced|