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SB0213Introduced in the Senate

Income tax deduction for theft loss.

EngrossedHouse Ways and Means

Introduced by Travis Holdman, District 19

What does this bill do?

Plain-English breakdown

Writing a plain-English summary of this bill… this can take a few seconds the first time.

Official description

Income tax deduction for theft loss. Provides an income tax deduction for theft losses that result from certain financial transactions induced by third parties and that cause the individual to incur federal gross income as a result of the theft. Requires the department of state revenue to first certify the theft loss deduction before a taxpayer may claim the deduction in a taxable year.

Where it stands

First reading: referred to Committee on Ways and Means

January 28, 2026

How did lawmakers vote?

SenateStage: Senate - Third reading · January 26, 2026

43

Yes

1

No

5

Absent or Not Voting

49 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.

See how each senator voted

Bill history

  1. Authored by Senator Holdman

  2. First reading: referred to Committee on Tax and Fiscal Policy

  3. Senator Qaddoura added as second author

  4. Senator Randolph added as coauthor

  5. Committee report: amend do pass, adopted

  6. Amendment #1 (Holdman) prevailed; voice vote

  7. Second reading: amended, ordered engrossed

  8. Third reading: passed; Roll Call 77: yeas 43, nays 1

  9. House sponsor: Representative Thompson

  10. Cosponsor: Representative Snow

  11. Referred to the House

  12. First reading: referred to Committee on Ways and Means

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