This kind of explains it. And just highlights for me what a CF the whole state is:I have no idea how it is enforced. Ill have to ask but its a real thing
Maybe during the finalization of the paper work when the realtor takes their cut, the state steps in and does the same? Its a whole different world up there and lots of good people are stuck behind the iron curtain.
California’s “Exit Tax” Explained
California is considering legislation that would impose a wealth tax on individuals for up to 10 years, even after they have left the state. Often called the “Exit Tax”, learn more about this potential tax and if you have the requisite financial ties to California.
moskowitzllp.com