Presidential Tax Transparency Bill advances in California

Sacramento, Ca., (KIEM) For four decades every U.S. President has released their tax return until President Donald Trump took office.

Now, North Coast Senator Mike Mcguire reintroduced laws that would require all presidential candidates to release their tax returns prior to being placed on the California ballot.

That bill known as SB 27 would enact the Presidential Tax Transparency & Accountability Act which requires basic tax information to be shared with residents of the state.

The bill also requires that all presidential candidates release the last five years of their tax returns. In order to appear on the state ballot, the returns would be made available to the public on the Secretary of State’s website.

The bill was approved Tuesday morning in the Senate elections with a 3-1 vote.

The Presidential Tax Transparency Bill was last passed by the legislature in 20-17. However, Senator McGuire reintroduced the bill as SB 27 in December.

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