The bill and memo: Read A.3252 of 2023, The Billionaire Mark-to-Market Tax Act, and the accompanying bill memo. Bill memos are not always faithful to the bill so be sure to read the bill carefully. This will be rough going for this bill, but the bill is short. If you have trouble understanding the bill, look for resources (e.g., articles or reports) that will help you understand the bill. (Assemblymember Kelles. "A.3252, The Billionaire Mark-to-Market Tax Act," February 2, 2023. https://www.assembly.state.ny.us/leg/?default_fld=&leg_video=&bn=A03252&term=0&Summa ry=Y&Memo=Y&Text=Y.)

1) Identify at least one legal or implementation issue that the bill's approach may raise,

other than the constitutional issue raised in the McMahon piece. Is it adequately

addressed in the bill or the memo? Are there ways to overcome it? Has anyone written

about this? Evaluate the issue and evaluate the source.

2) Are there alternative ways of addressing the underlying issue or issues the bill

addresses? What other approaches have been considered in New York? Investigate the

legislative history of A.3252 of 2023. Were there prior bills that addressed this or similar

issues? What approaches have been considered or implemented elsewhere? Cite your

sources - for example, for alternatives previously considered (or enacted) in New York

or elsewhere, cite sources such as specific bill numbers and memos, or articles or

analyses?