REVENUE-HIGH WEALTH
Summary
Creates the Extremely High Wealth Mark-to-Market Tax Act. Contains provisions concerning gains or losses of assets for individual taxpayers with net assets worth $50,000,000 or more. Creates a Task Force on mark-to-market tax administration. Sets forth penalties. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2021
Committee Review
Floor Vote
Governor
Introduced Feb 26, 2021
Last action Jan 10, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
0
Committee
1
Feb 26, 2021
Committee
Referred to Assignments
upper
1 primary · 3 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Robert Peters
DDemocratic
Co
Mike Simmons-Gessesse
DDemocratic
Co
Omar Aquino
DDemocratic
Co
Ram Villivalam
DDemocratic
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