Last mentioned: Mar 11, 2026
Policy Revival
California and New York revive wealth tax bills in their respective spring sessions.
Legislative Shift
Election results shift several state legislatures toward progressive majorities.
Coalition Launch
Eight states introduce coordinated wealth tax bills under the 'Fund Our Future' banner.
WA Precedent Set
Washington State Supreme Court upholds capital gains tax as an excise tax.
A coalition of progressive states is reintroducing ambitious tax legislation targeting high-net-worth individuals to bridge looming budget deficits. These measures, ranging from capital gains surcharges to direct wealth taxes, signal a shift away from federal gridlock toward state-level fiscal experimentation.
A coalition of progressive states is reintroducing legislation to tax ultra-high-net-worth individuals through wealth and unrealized capital gains taxes. These measures face significant constitutional challenges and are driving a surge in demand for sophisticated regulatory compliance and tax-planning technologies.