House Revenue: Tuesday, March 21, 2023
The committee held a public hearing on a proposal to disconnect from the federal capital gains treatment for Opportunity Zones. It also continued its discussion on state and local tax uniformity.
On Tuesday, the House Revenue Committee held a public hearing on a perennial proposal to disconnect from the capital gains exclusion for federal opportunity zones. The committee also held an informational hearing on the proposal to require local governments to operate their income taxes uniformly with the state income tax.