H.R. 7619
IntroducedKeep Jobs in California Act of 2026
Plain-language analysis
Not yet analyzed.
A plain-language breakdown — including any hidden or off-intent provisions and whether the bill was fast-tracked — is generated separately and reviewed before publishing. It will appear here once ready. Until then, the verbatim text below and the official source are the record.
Full text of the bill
Official source on Congress.gov ↗[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7619 Introduced in House (IH)]
<DOC>
119th CONGRESS 2d Session H. R. 7619
To prohibit a State from imposing a retroactive tax on assets of nonresident individuals.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
February 20, 2026
Mr. Kiley of California introduced the following bill; which was referred to the Committee on the Judiciary
_______________________________________________________________________
A BILL
To prohibit a State from imposing a retroactive tax on assets of nonresident individuals.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Keep Jobs in California Act of 2026''.
SEC. 2. PROHIBITION RETROACTIVE ASSET TAX ON NONRESIDENTS.
A State shall not impose a tax on nonresident individuals based on the value of the assets of such individuals if such tax is attributable to the value of such assets for any period before the date of the enactment of the Act that imposes such tax and if such individuals do not reside in such State as of the date of the enactment of such Act.
SEC. 3. EFFECTIVE DATE.
This Act shall take effect on January 1, 2026. <all>