PRIA Logo™
HR7619119th CongressWALLET

Keep Jobs in California Act of 2026

Sponsored By: Representative Kiley (CA)

Introduced

Summary

Would block states from imposing retroactive taxes on the asset value of people who are not residents.

Show full summary
  • Nonresident individuals would be shielded from state taxes that try to tax the value of their assets for periods before the law takes effect when the person is not a resident as of enactment.
  • State tax authorities would be barred from adopting retroactive, asset-value-based tax rules aimed at nonresidents. The bill contains no definitions, exceptions, enforcement provisions, or funding for implementation.

The bill sets an effective date of January 1, 2026, which the text shows precedes a February 20, 2026 date mentioned in the bill, creating a timing discrepancy.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Protects nonresidents from retroactive asset taxes

If enacted, the bill would bar a State from taxing a nonresident based on the value of that person's assets when the tax is tied to any period before the taxing law's enactment and the person did not live in the State on that enactment date. This rule would take effect on January 1, 2026. The ban would protect people who live outside a State from retroactive, asset‑value tax bills for pre‑enactment periods. The bill's stated effective date (January 1, 2026) precedes its introduction date (February 20, 2026), creating a timing discrepancy that could affect when the ban applies.

Sponsors & CoSponsors

Sponsor

Kiley (CA)

CA • I

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation