2026 Regular Session
HB133
Income Tax and Sales and Use Tax - Rate Reductions and Alterations
Earlier-session bill · introduced 2025
Altering the State individual and corporate income tax rates; increasing, from 2% to 3%, the income tax rate imposed on the net capital gains attributable to certain sources of income; exempting from the income tax on net capital gains the first $10,000 in net capital gains of an individual who is at least 65 years old; reducing, from 6% to 3%, the sales and use tax rate; reducing, from 9% to 3%, the sales and use tax rate on alcohol and cannabis sales; repealing the sales and use tax on the sale of certain technology services; etc.
Legislative progress
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This summary includes only completed milestones supported by recorded actions. It does not predict the next step, and it preserves later committee reassignments, concurrence, conference, veto, and approval actions when they occur.
Committee referrals
January 14, 2026 · House
Ways and Means
Instrument history
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This is the complete recorded action history in the current source package. Highlighted entries are marked as significant by the source. A roll-call link appears only when a vote-like action has one unambiguous same-day chamber vote.
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House Hearing 2/05 at 1:00 p.m.
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House First Reading Ways and Means
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House Pre-filed