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California Wealth Tax: 2025 Updates
Summary by Financial Advisors | Halbert Hargrove
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California Wealth Tax: 2025 Updates
By Vincent Birardi, CFP®, AIF®, Senior Wealth Advisor California Wealth Tax Updates Regarding the proposed California wealth tax, here’s a summary of the latest updates: No wealth tax has been enacted: As of June 5, 2025, California does not have a wealth tax in place. Previous wealth tax proposals remain stalled: Proposed wealth tax legislation, such as AB 259 in 2024, did not pass the legislature. This bill aimed to impose an annual tax on …
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