Bill Status of SB2121 102nd General Assembly
Short Description: REVENUE-HIGH WEALTH
Sen. Robert Peters, Mike Simmons and Ram Villivalam
| 2/26/2021||Senate||Referred to Assignments|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Creates the Extremely High Wealth Mark-to-Market Tax Act. Contains provisions concerning gains or losses of assets for individual taxpayers with net assets worth $50,000,000 or more. Creates a Task Force on mark-to-market tax administration. Sets forth penalties. Effective immediately.