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Keep Jobs in California Act of 2026
To prohibit a State from imposing a retroactive tax on assets of nonresident individuals.
Summary
This bill prohibits states from imposing retroactive taxes on nonresident individuals based on the value of their assets. The prohibition applies to taxes calculated based on asset values from periods before a state enacts an asset tax, and only applies to individuals who are not residents of the state when the tax is enacted. The bill is effective as of January 1, 2026.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Kiley, Kevin [R-CA-3] (R-CA)
Money behind the sponsor
Top reported contributors to Kevin Kiley’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- SOVEREIGN NATION $17,700
- NULL $14,855
- LECAVALIER CELLARS $13,200
- STARKEY HEARING TECHNOLOGIES $13,200
- BRODIE GENERATIONAL CAPITAL PARTNERS $13,200
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Kevin Kiley → · Outside spending →
Actions (2)
- Feb 20, 2026 Referred to the House Committee on the Judiciary. · house
- Feb 20, 2026 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
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 reside in such State as of the date of the enactment of such Act.
SEC. 3. EFFECTIVE DATE.
This Act shall take effect on January 1, 2026. <all>
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