H.R. 7619, the "Keep Jobs in California Act of 2026," would prevent states from imposing retroactive taxes on the assets of people who don't live in that state. Specifically, the bill prohibits states from taxing nonresidents for the value of their assets during any time period before the tax law was enacted, as long as those individuals were not residents of the state when the law took effect. The legislation appears designed to address concerns that states might attempt to tax people who have left for perceived income or wealth they held while they were residents. The bill has no specific funding attached and would take effect on January 1, 2026.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.