SB139Introduced in the Senate
Income tax, state; subtraction for long-term capital gains from sale of principal residence.
Introduced by Jeremy McPike, District 29
What does this bill do?
Plain-English breakdown
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Official description
Individual income tax subtraction; long-term capital gains from sale of principal residence. Provides an individual income tax subtraction in taxable years 2025 through 2029 for income that is (i) taxed as a long-term capital gain for federal income tax purposes, (ii) attributable to the sale of property that served as the taxpayer's principal residence for at least two of the five years preceding such sale, and (iii) in excess of federal limitations only allowing an exclusion from gross income for up to $250,000, or $500,000, for joint filers, of gain from such a sale.
Where it stands
Continued to next session in Finance and Appropriations (13-Y 0-N)
January 28, 2026
How did lawmakers vote?
SenateStage: Continued to next session in Finance and Appropriations (13-Y 0-N) · January 28, 2026
13
Yes
0
No
2
Absent or Not Voting
15 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| Mark Obenshain | 2 | Yes |
| Todd Pillion | 6 | Yes |
| Creigh Deeds | 11 | Yes |
| Louise Lucas | 18 | Yes |
| Aaron Rouse | 22 | Yes |
| Mamie Locke | 23 | Yes |
| Richard Stuart | 25 | Yes |
| Ryan McDougle | 26 | Yes |
| Bryce Reeves | 28 | Absent |
| Jeremy McPike | 29 | Yes |
Bill history
Prefiled and ordered printed; Offered 01-14-2026 26103293D
Referred to Committee on Finance and Appropriations
Fiscal Impact statement From TAX (1/18/2026 4:58 pm)
Continued to next session in Finance and Appropriations (13-Y 0-N)
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