Did Assembly Bill 2088 Pass?
In March, It Became a Bill That Would Amend the Elections Code. It Was Not Until August 13, That the Bill Was Gutted and Amended to Impose a Wealth Tax on...
In March, it became a bill that would amend the Elections Code. It was not until August 13, that the bill was gutted and amended to impose a wealth tax on sojourners to the Golden State. The bill, however, never made it out of the house of origin. When the session ended, the bill died.
Has AB 2088 passed?
Details. California introduced AB 2088 in 2020. ... This bill did not pass in 2020, but in California's new legislative session, AB 71 has already been introduced.
What is Assembly bill 2088?
Assembly Bill 2088 (the “Bill”) would impose a 0.4% tax on residents with a worldwide net worth in excess of $30,000,000 ($15,000,000 for a married taxpayer filing separately). The proposed tax, if enacted, would apply to residents, part-year residents, and temporary residents.
Sarah Jenkins is a veteran tech journalist with over 12 years of experience covering artificial intelligence, mobile innovations, and digital ethics. Her insights have appeared in leading technology publications worldwide.
