California no longer offers a QSBS capital gains tax exclusion. The state of California repealed California Revenue & Tax Code Section 18152.5(n) in 2013. In California capital gains are taxed at the nation's highest state level tax rate of 13.3%. More on how California supports entrepreneurship. Read More
Arizona follows the section 1202 100% tax exclusion on capital gains from the sale of QSBS. Therefore, capital gains on the sale of QSBS will not only be excluded from federal income taxes, but also state income taxes if all of the guidelines are followed. Also, The state of Arizona … Read More
Alaska does not have a state income tax for individuals; therefore, if you receive capital gains in Alaska there is no tax regardless if Section 1202 100% tax exclusion on capital gains from the sale of QSBS applies. Capital gains on the sale of QSBS will not only be excluded from … Read More
Alabama does not offer a tax exclusion for investing in QSB stock. Although Alabama does not offer the QSBS tax exclusion, under the Alabama Jobs Act, Act 2015-27 there is a tax credit up to 1.5% annually of a qualified capital investment in a qualifying project. The tax credit … Read More
Not sure if the stock you’re invested in is QSBS, learn more about our QSBS Monitoring Platform The majority of states do allow the QSBS tax exclusion on a state income tax level, but there are some nuances between them. Generally, the three ways that states treat the … Read More