Attorney General File #: 2009-023
The McCauley-Rosen Wealth Tax and Oceans Preservation Act (Amendment #1-S)
September 2, 2009
This measure makes major changes in the state and local tax system. It would establish a wealth tax, tax people when they die or leave the state, and make changes to the personal income tax (PIT).
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The LAO and the Department of Finance jointly prepare an analysis of the fiscal impact of each initiative prior to it being circulated for signature gathering. Information in these letters is used by the Attorney General's Office to prepare the official "title and summary" for each measure.
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