1031 exchange:
Capital Gains State Tax Rates
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| State | Top Marginal |
Capital Gains Short Term |
Capital |
Notes |
| Alabama | 5 |
5 |
5 |
|
| Alaska | 0 |
0 |
0 |
No state income tax |
| Arizona | 4.79 |
4.79 |
4.79 |
|
| Arkansas | 7 |
7 |
4.9 |
Capital gain rate is 70% of state tax rate for long-term gains |
| California | 9.3 |
9.3 |
9.3 |
|
| Colorado | 4.63 |
4.63 |
4.63 |
Allows $1,200 ($2,400 married) credit for capital gains; no tax on capital gains for in-state businesses. Property bought before 1994 or held for 5 yrs has no CO capital gains tax |
| Connecticut | 5 |
5 |
5 |
|
| Delaware | 5.95 |
5.95 |
5.95 |
|
| DC | 8.7 |
8.7 |
8.7 |
|
| Florida | 0 |
0 |
0 |
No state income tax (high transfer taxes) |
| Georgia | 6 |
6 |
6 |
|
| Hawaii | 8.25 |
8.25 |
8.25 |
|
| Idaho | 7.8 |
7.8 |
7.8 |
60% reduction in capital gains provided for cap gains produced in Idaho |
| Illinois | 3 |
3 |
3 |
Flat rate |
| Indiana | 3.4 |
3.4 |
3.4 |
Flat rate |
| Iowa | 8.98 |
8.98 |
8.98 |
|
| Kansas | 6.45 |
6.45 |
6.45 |
|
| Kentucky | 6 |
6 |
6 |
|
| Louisiana | 6 |
6 |
6 |
|
| Maine | 8.5 |
8.5 |
8.5 |
|
| Maryland | 4.75 |
4.75 |
4.75 |
|
| Massachusetts | 5.3 |
5.3 |
5.3 |
Flat rate; long-term gain taxed at lower rates based on length of time security has been held |
| Michigan | 3.9 |
3.9 |
3.9 |
Flat rate |
| Minnesota | 7.85 |
7.85 |
7.85 |
|
| Mississippi | 5 |
5 |
5 |
|
| Missouri | 6 |
6 |
6 |
|
| Montana | 6.9 |
6.9 |
6.9 |
|
| Nebraska | 6.84 |
6.84 |
6.84 |
|
| Nevada | 0 |
0 |
0 |
No state income tax |
| New Hampshire | 0 |
0 |
0 |
State income tax on dividends and interest only |
| New Jersey | 8.97 |
8.97 |
8.97 |
|
| New Mexico | 5.3 |
5.3 |
5.3 |
|
| New York | 6.85 |
6.85 |
6.85 |
|
| North Carolina | 8 |
8 |
8 |
|
| North Dakota | 5.54 |
5.54 |
5.54 |
|
| Ohio | 6.87 |
6.87 |
6.87 |
|
| Oklahoma | 6.65 |
6.65 |
6.65 |
|
| Oregon | 9 |
9 |
9 |
|
| Pennsylvania | 3.07 |
3.07 |
3.07 |
Flat rate |
| Rhode Island | 10.1 |
5.1 |
5.1 |
25.5% federal tax liability for income and cap gains. State rate applies to federal tax liability. |
| South Carolina | 7 |
7 |
3.92 |
|
| South Dakota | 0 |
0 |
0 |
No state income tax |
| Tennesee | 0 |
0 |
0 |
State income tax on dividends & interest only |
| Texas | 0 |
0 |
0 |
No state income tax |
| Utah | 6.98 |
6.98 |
6.98 |
|
| Vermont | 9.5 |
4.8 |
4.8 |
24% federal tax liability for income and cap gains. State rate applies to federal tax liability. |
| Virginia | 5.75 |
5.75 |
5.75 |
|
| Washington | 0 |
0 |
0 |
No state income tax |
| West Virginia | 6.5 |
6.5 |
6.5 |
|
| Wisconsin | 6.75 |
6.75 |
2.7 |
|
| Wyoming | 0 |
0 |
0 |
No state income tax |
