Want To Leave Your State To Reduce Taxes? Pay Attention To Congressional Introduction Of Exit Tax Prevention Act of 2021

H.R.2165 – Exit Tax Prevention Act of 2021 is a bill introduced by Arizona Congressional Representative David Schweikert. This bill prohibits a state, or taxing jurisdiction in the state, from imposing an income tax, wealth tax, or any similar tax on a resident who has relocated permanent residence to another state or taxing jurisdiction. Co-sponsors of the Bill include Representatives Scott Barry(R-PA), Tracey Mann(R-PA), Scott Franklin(R-FL), Jody Hice(R-GA), Paul Gosar(R-AZ), Pat Fallen(R-TX), Fred Keller(R-PA).

Text of H.R.2165 states:

To limit the authority of a State or other related taxing jurisdiction to impose a tax on a resident who has relocated permanent residence to another State or its related taxing jurisdiction.

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