HF208
Type: B Origin: House Iowa Comments: 0

A Bill For An Act Modifying The Computation Of Net Income For The Individual Income Tax Related To The Capital Gain Or Loss From The Sale Of Bullion, Coins, And Currency, And Including Applicability Provisions.(See Hf 659, Hf 2626.)

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This bill aims to amend the calculation of net income for individual income tax concerning capital gains or losses from the sale of bullion, coins, and currency. It includes provisions that specify how these transactions should be accounted for in tax computations. The bill likely seeks to provide clarity and consistency in determining taxable income related to such assets. If passed, individuals dealing with these types of transactions may see changes in how their capital gains or losses are factored into their overall tax obligations.

Bill Activity

  • 2023-02-06: Introduced, referred to Ways and Means. H.J. 248.

  • 2023-02-21: Subcommittee: Boden, Forbes and Wills, J. H.J. 381.

  • 2023-02-23: Subcommittee Meeting: 02/28/2023 12:30PM House Lounge.

  • 2023-02-28: Subcommittee recommends passage. Vote Total: 3-0.

  • 2023-03-07: Committee report, recommending passage. H.J. 541.

  • 2023-03-07: Committee report approving bill, renumbered as HF 659.

  • 2024-03-19: Withdrawn. H.J. 623.

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