Keep Jobs in California Act of 2026

[AI summary unavailable — showing source text] [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…