Will California pass a wealth tax in 2024?
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Ṁ122Jan 1
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For example: AB 259
Context: https://www.thinkadvisor.com/2024/01/10/wealth-tax-bill-gets-hearing-in-california/
For resolution purposes, a tax based on a broad measure of a person's or household's assets or net worth (rather than, say, assessment of real property) would be considered a wealth tax. The law creating the tax would need to be signed into law in 2024, but not necessarily become effective in 2024.
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