HB7619: Keep Jobs in California Act of 2026
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To prohibit a State from imposing a retroactive tax on assets of nonresident individuals.
Plain-language summary
This bill would prevent states from collecting taxes on assets owned by people who don't live there, if those taxes are applied retroactively (going back to earlier years). It targets situations where a state tries to tax someone's property or investments after they've already left the state. The bill was introduced by Representative Kevin Kiley and is currently in the early stage of the legislative process. The bill aims to protect nonresidents from surprise tax bills for years they didn't live in a particular state.
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HB7619: Keep Jobs in California Act of 2026