To prohibit a State to impose a retroactive tax on assets of nonresident individuals.

Sponsor: Kevin Kiley (Independent-CA)February 20, 2026

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Referred to the House Committee on the Judiciary.

Blocks states from charging old taxes on assets of people who don't live there

This bill would stop states from charging taxes on assets based on their value from past years. This prohibition would apply to people who no longer live in that state when the tax law is passed. It aims to prevent states from imposing retroactive taxes on individuals and would limit states' power to collect certain taxes.

What Would Change

Currently, states could potentially try to impose taxes on the past value of assets owned by people who no longer live in that state. If this bill becomes law, states would be federally prohibited from doing so. This means states would be blocked from imposing such retroactive taxes on individuals, and states would lose this specific taxing power.

Key Provisions

Blocks states from taxing the assets of people who don't live there based on how much those assets were worth in the past.

View on Congress.gov

HR 7619 · 119th Congress · February 20, 2026 · AI Summary by gemini-2.5-flash · 9/10

To prohibit a State to impose a retroactive tax on assets of nonresident individuals.

What Would Change

Key Provisions

Lobbying Activity