H.R. 7619

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7619 Introduced in House (IH)]

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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.
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