HOUSE BILL 40

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Bill Text Statement of Purpose / Fiscal Note Legislative Co-sponsors

H0040 by REVENUE AND TAXATION COMMITTEE

TAXATION – Amends existing law to exempt certain precious metals from capital gains tax, lower the income tax rate, and exempt certain military benefits from income taxation.

01/23 Introduced, read first time, referred to JRA for Printing 01/24 Reported Printed and Referred to Revenue & Taxation 01/30 Reported out of Committee with Do Pass Recommendation, Filed for Second Reading 01/31 Read second time; Filed for Third Reading 02/03 Read Third Time in Full – PASSED - 63-7-0 AYES – Achilles, Alfieri, Andrus, Barbieri, Beiswenger, Boyle, Bruce, Burgoyne, Cannon, Cayler, Cheatum, Clow, Cornilles, Crane(12), Crane(13), Dygert, Ehardt, Ehlers, Erickson, Fuhriman, Furniss, Galaviz, Garner, Handy, Harris, Hawkins, Healey, Hill, Holtzclaw, Horman, Hostetler, Leavitt, Manwaring, Marmon, McCann, Mendive, Mickelsen, Miller, Mitchell, Monks, Nelsen, Palmer, Petzke, Pickett, Pohanka, Price, Rasor, Raybould, Raymond, Redman, Sauter, Scott, Shepherd, Shirts, Skaug, Tanner(13), Tanner(14), Thompson, Vander Woude, Weber, Wheeler, Wisniewski, Mr. Speaker NAYS – Berch, Church, Egbert, Gannon, Green(Casner), Mathias, Rubel Absent – None Floor Sponsor - Monks Title apvd - to Senate 02/04 Received from the House passed; filed for first reading Introduced, read first time; referred to: Local Government & Taxation 02/14 Reported out of Committee with Do Pass Recommendation; Filed for second reading 02/17 Read second time; filed for Third Reading 03/04 Read third time in full – PASSED - 27-8-0 AYES – Adams, Anthon, Bernt, Bjerke, Blaylock, Burtenshaw, Carlson, Cook, Den Hartog, Foreman, Galloway, Grow, Harris, Hart, Keyser, Kohl, Lakey, Lenney, Lent, Nichols, Okuniewicz, Ricks, Shippy, Toews, VanOrden, Zito, Zuiderveld NAYS – Guthrie, Mathews(Rabe), Ruchti, Semmelroth, Taylor, Ward-Engelking, Wintrow, Woodward Absent and excused – None Floor Sponsor - Ricks Title apvd - to House Returned from Senate Passed; to JRA for Enrolling Reported Enrolled; Signed by Speaker; Transmitted to Senate 03/05 Received from the House enrolled/signed by Speaker Signed by President; returned to House Returned Signed by the President; Ordered Transmitted to Governor 03/07 Delivered to Governor at 11:41 a.m. on March 5, 2025 Reported Signed by Governor on March 6, 2025 Session Law Chapter 13 Effective: Retroactive to 01/01/2025