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S08277 Summary:

BILL NOS08277B
 
SAME ASSAME AS A10414-A
 
SPONSORRAMOS
 
COSPNSRBAILEY, BENJAMIN, BIAGGI, COMRIE, GIANARIS, GOUNARDES, HOYLMAN, JACKSON, KAVANAGH, LIU, MAY, MYRIE, PARKER, RIVERA, SALAZAR, SANDERS, SEPULVEDA, SERRANO, STAVISKY
 
MLTSPNSR
 
Add §612-a, Tax L; add §95-j, St Fin L; add §§591-b & 644, Lab L
 
Establishes a billionaire mark to market tax taxing residents with one billion dollars or more in net assets and directs revenue from such tax into a worker bailout fund; establishes a worker bailout program providing workers traditionally excluded from wage protection programs access to unemployment benefits.
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