AN ACT ESTABLISHING A TAX ON CAPITAL GAINS.

HB 5541 would impose a new tax on individuals who realize net capital gains exceeding $5 million from selling assets like stocks or real estate. The tax applies only to the portion of gains above this threshold, not the full amount. It directly affects high-net-worth individuals or investors with significant capital gains transactions. The bill establishes this tax mechanism within existing state tax statutes, creating a new revenue stream for the state. (3 sentences)