First reading: referred to Committee on Ways and Means
Session
2026
Introduced
Jan 8, 2026
Primary Sponsor
Travis Holdman· author
Summary
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Provides an income tax deduction for theft losses that result from certain financial transactions induced by third parties and that cause the individual to incur federal gross income as a result of the theft. Requires the department of state revenue to first certify the theft loss deduction before a taxpayer may claim the deduction in a taxable year.
Subjects
AGENCIES; Department of Revenue (DOR)CRIMINAL LAW AND PROCEDURE; Offenses Against PropertyFINANCIAL SERVICES; Financial Accounts (Not Including State Pensions)FINANCIAL SERVICES; GenerallyTAXES; Adjusted Gross Income TaxesTAXES; Deductions