California’s Latest Wealth Tax Proposal: An Overview of AB 310

By Eric Coffill on May 6, 2021

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California legislators have introduced a bill to impose a wealth tax on high-wealth residents and some nonresidents.

In their article for Bloomberg Tax, Eversheds Sutherland attorneys Tim Gustafson and Eric Coffill provide an overview of the proposed wealth tax and its provisions, hypothetical tax calculations for various taxpayer scenarios, and a discussion of the bill’s relief mechanisms and enforcement provisions.

Eric Coffill

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