AZ HB2528

Extends the capital gains subtraction for assets acquired after December 31, 2017, with percentages increasing annually from 30% (2018-2019) to 50% (2022 and beyond) of net long-term capital gains.

Modifies section 43-1022 to add a new paragraph 28 allowing subtraction of capital gains from assets acquired after December 31, 2017, with graduated rates phased in over five years.

Renumbers existing paragraphs 28-31 of section 43-1022 to paragraphs 29-32 to accommodate the new capital gains provision.

Amends section 43-1024 to correct cross-references from paragraph 30 to paragraph 31 regarding Americans with Disabilities Act access expenditures subtraction.

Maintains existing capital gains subtraction under paragraph 27 for assets acquired between December 31, 2011 and December 31, 2017, capped at 25% of net long-term capital gains.