Most exit-tax and wealth-tax headlines refer to proposals — not current law. We publish separate pending-proposal articles for each high-tax state, plus guides on taxes already in effect when you leave and capital gains / home sales / wealth surcharges. Status changes quickly; verify with a tax attorney.

State-specific pending proposal guides

StateKey 2026 themesRead
CaliforniaBillionaire tax ballot (Initiative 25-0024); recurring wealth-tax billsCA pending proposals
New YorkMillionaire surcharges; pied-à-terre debates; NYC already has local taxNY pending proposals
New JerseyMillionaires tax talk; property-tax relief packagesNJ pending proposals
IllinoisPost-2020 graduated-tax politics; rate-hike pressureIL pending proposals

What is already law (not pending)

See Exit taxes overview and each state’s exit & residency article.

In effect todayNot enacted (mid-2026)
NJ home-sale withholdingCA broad wealth tax on all millionaires
NYC local wage taxNY general exit surcharge for all leavers
CA/NY residency auditsFederal state-to-state exit tax
WA capital gains excise
MA millionaire surtax

Model current law first

Use calculators with today’s rates — Los Angeles, NYC, Newark, or Chicago under city/local tax; defaults include W-2 + business income (optional consumer debt affects the pay-debt-first chart line only) — then read pending articles for timing risk.

Related: All states savings summary · Why move now

Disclaimer: This article is general information only — not tax, legal, or financial advice. Tax laws change frequently; residency and exit-tax rules depend on your specific facts. Consult a qualified CPA, tax attorney, or licensed advisor before changing domicile or selling assets.

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