Environment
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
StateDistrict of ColumbiaHearing Scheduled
B 260749: Wealth Proceeds Tax Amendment Act of 2026
Brianne Nadeau
B 260749 status: Hearing Scheduled — Public Hearing on B26-0749 (updated Oct 16, 2026).
Source
OpenStates
Confidence
Low
Analysis basis
OpenStates summary
01
What this bill does
Official summary alongside an AI-generated read on where it stands and why.
Overall Score
50OUT OF 100
Score:50/100 civic fit — mixed
Risk:Moderate Risk
Impact:Moderate Impact 60/100
Constitutionality75%
Bipartisan50%
Public opinion50%
Bill summary
What changes
The bill proposes a new tax framework targeting proceeds from investments and the disposition of large assets.
Who is affected
District residents and entities with significant investment portfolios or substantial assets.
Requirements and enforcement
Not stated in the available source.
Costs and funding
The bill implies direct tax costs on affected assets, but exact figures are not available.
When it takes effect
Currently in the public hearing stage as of October 2026.
Potential benefits
Potential for increased tax revenue to support District services and broader wealth equity.
Risks and tradeoffs
Risk of capital flight, investment disincentives, and burdening of long-term asset holders.
What is still unknown
The bill's specific tax rates, asset thresholds, potential exemptions, and implementation timeline are unknown.
02
Impact analysis
✦ AI analysisModeled effects across six domains, estimated from bill text and comparable legislation.
Economy
Mixed / Neutral
50%
Benefits
- Potential for increased municipal tax revenue
- Promotion of fiscal progressivity in the tax code
- Diversification of the city's tax base
Risks
- Risk of capital flight from the District
- Potential disincentive for local investment
- Increased compliance costs for taxpayers
Society
Mixed / Neutral
50%
Benefits
- Potential for redistribution toward public services
- Addressing wealth concentration at the local level
- Increased funding capacity for social infrastructure
Risks
- Financial burden on long-term residents with accumulated assets
- Potential strain on middle-class retirees
- Complexity in tax administration and fairness
Technology Industry
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
Civic Accountability
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
Public Health & Safety
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
03
How trustworthy & consequential it is
Sourcing already shown above, this is what the analysis found worth flagging.
Source
OpenStates
Official bill text or data from OpenStates.
Confidence
Low
Information is limited or incomplete.
Analysis basis
OpenStates summary
Source used for this bill's analysis.
Source note
Economic impact is highly dependent on tax rates and exemptions not yet defined.
Analysis scope
Source information is limited to an OpenStates abstract.
04
Where it stands
Official record- IntroducedComplete
- CommitteeCurrent
- Chamber votesUpcoming
- Final agreementUpcoming
- GovernorUpcoming
- EnactedUpcoming
05
How it affects your district
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06
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