What it is
Proposal to abolish the Wealth Tax
It is a members’ bill. Introduced by parliamentary groups, the Senate, regional governments or citizens. It was introduced on 4 February 2020. Introduced by: Grupo Parlamentario Popular en el Congreso.
Official title: Private member's bill repealing Law 19/1991, of 6 June, on the Wealth Tax.
Source: Congreso de los Diputados, file 122/000026· updated 11 Nov
Automatic summary, not yet reviewed
- The bill would abolish the Wealth Tax. To do so, it would apply a 100 percent relief to the tax liability and repeal several articles of the law and its transitional provision.
- The effects of the repeal on the funding of the Autonomous Communities and Cities would be examined as part of the future reform of the regional funding system.
- The Autonomous Communities would receive state compensation for the abolished tax. It would equal the average amount each community collected in the three fiscal years before the law takes effect, until a new funding system is approved.
- The law would take effect the day after its publication in the Official State Gazette.
Who it affects
- People who pay the Wealth Tax: They would no longer pay it if the bill is passed.
- Autonomous Communities and Cities: They would receive financial compensation for the lost revenue.
- The Government and the Cortes: They would have to examine the effects of the repeal in the reform of regional funding.
Words worth knowing
- Impuesto sobre el Patrimonio (Wealth Tax)
- A tax on the assets a person owns, such as apartments, bank accounts or shares.
- Bonificación de la cuota (relief on the tax liability)
- A discount that reduces what must be paid for a tax. Here it would be 100 percent, meaning nothing would be paid.
- Proposición de ley (bill)
- A text in the form of a law introduced by a parliamentary group. It is not an approved law yet.
- Cuota íntegra (gross tax liability)
- The amount resulting from applying the tax rate to the base, before any deductions.
It summarizes the text as it was introduced. It is written by artificial intelligence and may contain mistakes: the official text is what counts. Read the official text · How we make summaries
Where it stands
How far did it get?
It took 2 of 7 steps. It reached Admitted, and today it is unfinished.
- Introduced4 February 2020Someone registers the text in the Congreso.
- Admitted11 February 2020The Bureau of the Congreso accepts it and, for a members’ bill, the plenary decides whether to consider it.
- Amendmentsnot reachedGroups propose changes.
- Committeenot reachedA committee goes through the text in detail.
- Plenarynot reachedAll 350 deputies vote.
- Senatenot reachedThe Senate can pass it, amend it or veto it.
- BOEnot reachedIt is published in the Official State Gazette (BOE) and comes into force.
See the 5 official steps on a timeline
Was there a plenary vote?
We have no plenary vote linked to this law in the Congreso’s data.
What happens next
What happens now?
The legislature ended before it finished. To go on, someone would have to introduce it again in the new Cortes.
It has not been presented again yet.
Sources
Where does all this come from?
- Congreso de los Diputados, file 122/000026
Official title, type, author, dates and stage.
Retrieved 11 November 2026
- The data comes from the open files of the Congreso, the Senate and the BOE, unaltered.
- Each deputy’s province is the one of their seat on the day of the vote.
- We only say “passed” or “rejected” when the majority needed is certain; otherwise we say which side had more votes.