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S08277 Summary:
BILL NO | S08277B |
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SAME AS | SAME AS A10414-A |
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SPONSOR | RAMOS |
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COSPNSR | BAILEY, BENJAMIN, BIAGGI, COMRIE, GIANARIS, GOUNARDES, HOYLMAN, JACKSON, KAVANAGH, LIU, MAY, MYRIE, PARKER, RIVERA, SALAZAR, SANDERS, SEPULVEDA, SERRANO, STAVISKY |
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MLTSPNSR | |
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Add §612-a, Tax L; add §95-j, St Fin L; add §§591-b & 644, Lab L | |
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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. |