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SB5813Introduced in the Senate

Increasing funding to the education legacy trust account by creating a more progressive rate structure for the capital gains tax and estate tax.

Passed

Introduced by Claire Wilson, District 30

What does this bill do?

Plain-English breakdown

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Official description

Increasing funding to the education legacy trust account by creating a more progressive rate structure for the capital gains tax and estate tax.

Where it stands

Effective date 5/20/2025.

May 20, 2025

How did lawmakers vote?

House votes

2 recorded votes · each counted separately

Senate votes

3 recorded votes · each counted separately

SenateStage: Senate Final Passage as Amended by the House · April 24, 2025

27

Yes

21

No

0

Absent or Not Voting

48 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. First reading, referred to Ways & Means.

  2. Public hearing in the Senate Committee on Ways & Means at 5:30 PM.

  3. Executive action taken in the Senate Committee on Ways & Means at 9:00 AM.

  4. WM - Majority; 1st substitute bill be substituted, do pass.

  5. Minority; do not pass.

  6. Minority; without recommendation.

  7. Passed to Rules Committee for second reading.

  8. Placed on second reading by Rules Committee.

  9. 1st substitute bill substituted

  10. Floor amendment

  11. Rules suspended. Placed on Third Reading.

  12. Third reading, passed; yeas, 27; nays, 21; absent, 0; excused, 1.

  13. First reading, referred to Finance.

  14. Public hearing in the House Committee on Finance at 9:00 AM.

  15. Executive action taken in the House Committee on Finance at 11:30 AM.

  16. FIN - Majority; do pass with amendment

  17. Minority; do not pass.

  18. Referred to Rules 2 Review.

  19. Rules Committee relieved of further consideration. Placed on second reading.

  20. Committee amendment

  21. Rules suspended. Placed on Third Reading.

  22. Third reading, passed; yeas, 53; nays, 45; absent, 0; excused, 0.

  23. Senate concurred in House amendments.

  24. Passed final passage; yeas, 27; nays, 21; absent, 0; excused, 0.

  25. President signed.

  26. Speaker signed.

  27. Delivered to Governor.

  28. Governor signed.

  29. Chapter 421, 2025 Laws.

  30. Effective date 5/20/2025.

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