To prohibit a State to impose a retroactive tax on assets of nonresident individuals.

# HR 7619: Prohibition on Retroactive Taxation of Nonresident Assets **What the bill would do:** This bill would prevent states from imposing retroactive taxes on assets owned by people who don't live in that state. In other words, if someone moves out of a state or sells property there, that state couldn't later tax them on those assets for years before the new tax law was passed. The bill aims to protect individuals from surprise tax bills for past transactions that weren't taxable under the rules that existed at the time. **Who it affects and why it matters:** The bill primarily affects nonresident individuals (people who live outside a particular state) and would limit states' ability to collect taxes from former residents or out-of-state property owners.

This reflects concerns that some states have attempted to tax people retroactively for asset sales or transfers that occurred before new tax laws were enacted, potentially creating financial liability for people who had no way to anticipate the tax obligation. **Current status:** HR 7619 is currently in committee and has not yet advanced for a full vote in the House of Representatives. The bill was introduced by Representative Kevin Kiley (R-CA) in the 119th Congress.