In CommitteeFiled Jan 8, 2026
Sponsor: Teddy Waszazak (D)
Latest Action
Read first time and referred to the Committee on Ways and Means
Jan 8, 2026
Summary
The bill establishes a Wealth Tax Commission to examine how to tax wealth and investment gains that currently avoid income tax. The commission, composed of legislators and state tax officials, will research valuation methods, residency rules, and coordination with other states, and must deliver a report by November 1 2027. Its findings will guide any future wealth‑tax legislation.
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