What does Preamble of Keep Jobs in California Act of 2026 do?

This bill aims to prohibit States from imposing retroactive taxes on nonresident individuals' assets. The bill was introduced to the House of Representatives and referred to the Committee on the Judiciary.

What does SHORT TITLE. of Keep Jobs in California Act of 2026 do?

This bill is formally titled the Keep Jobs in California Act of 2026.

What does PROHIBITION RETROACTIVE ASSET TAX ON NONRESIDENTS. of Keep Jobs in California Act of 2026 do?

This section prohibits states from imposing a tax on nonresident individuals based on the value of their assets. The tax prohibition applies if the tax is attributable to asset value before the Act's enactment. The prohibition also applies if the individuals do not reside in the state on the date of the Act's enactment.

What does EFFECTIVE DATE. of Keep Jobs in California Act of 2026 do?

This Act will become effective on January 1, 2026.

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Keep Jobs in California Act of 2026

Last updated: 2/20/2026 · Introduced: 2/20/2026

Author: Kevin Kiley (R-CA)

TL;DR (AI)

This bill prevents states from imposing taxes on nonresident individuals based on the value of assets they held before the bill's enactment.
The prohibition applies to individuals who do not reside in the state on the date the bill takes effect.
The Act will be effective starting January 1, 2026.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 2 more.

4 sections

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