Assesses a separate tax on distributions from designated settlement funds
Summary
Assesses a 100% tax on distributions from the federal anti-weaponization fund; provides that such tax shall not be reduced pursuant to any deduction, exemption or credit.
Bill status
passed
3 of 5 stages cleared
Introduction
May 2026
Committee Review
Jun 2026
Senate Passage
Jun 2026
Assembly Passage
Governor
Introduced May 27, 2026
Last action Jun 1, 2026
Floor votes · Senate Jun 1, 2026
How they voted
39–21
Passed · 3 other
Total votes 63
Jun 1, 2026
D
Democratic41
92% Yea
R
Republican22
95% Nay
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
6
Key actions
1
Committee
3
Jun 1, 2026
Committee
REFERRED TO WAYS AND MEANS
lower
Jun 1, 2026
Upper · Passed
PASSED SENATE
upper
Jun 1, 2026
Committee
COMMITTEE DISCHARGED AND COMMITTED TO RULES
upper
May 27, 2026
Committee
REFERRED TO BUDGET AND REVENUE
upper
1 primary · 3 co-sponsors
Sponsors
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