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Spielberg Establishes New York Residency as California’s Billionaire Tax Push Intensifies

His spokesperson says the relocation was long-planned to be near family, not a reaction to the unqualified 5% wealth‑tax initiative.

Overview

  • Los Angeles Times reporting cited by outlets says Steven Spielberg and Kate Capshaw became New York residents on Jan. 1 and moved into the San Remo on Central Park West.
  • Terry Press, speaking for Spielberg, said the choice was driven by proximity to children and grandchildren and declined to comment on the tax proposal.
  • Amblin Entertainment opened a New York City office the day Spielberg reportedly established residency, expanding his presence on the East Coast.
  • The SEIU‑UHW–backed measure proposes a one‑time 5% levy on Californians with $1 billion or more, tied to residency on Jan. 1, 2026, with payments beginning in 2027 if voters approve it.
  • Public campaigning has intensified as supporters including Sen. Bernie Sanders press the case and opponents warn of out‑migration, with complex residency rules and valuation questions under fresh scrutiny.