Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Rep. Logan unveils PROSPER act (H.794) to raise over $400M via income surcharges, a wealth-proceeds tax and property reclassification
Summary
Representative Logan introduced H.794, the PROSPER Act, proposing income-tax surcharges (retroactive to 2026), a 4% wealth-proceeds tax (starting 2027), and new property classifications (starting 2028) to generate an estimated $400M+ annually to fund school construction and health care priorities.
Representative Logan presented H.794, the "Preserving Revenue for State Programs and Economic Resiliency (PROSPER) Act," to the Ways & Means Committee as a multipronged revenue package designed to fund school construction and relieve affordability pressures.
Logan outlined three components: a personal income-tax surcharge (retroactive to Jan. 1, 2026), a wealth-proceeds tax modeled on the federal net investment income form to begin Jan. 1, 2027, and new property-tax classifications…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
