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https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201920200AB2088 … 50310 B3a: For taxpayers who were subject to the Wealth Tax in one of the preceding 10 years, and are no longer residents of this state as residence is defined in Section 50310, and do not have the reasonable expectation to return to this state,[formula]
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It's also a tax on *worldwide* wealth, though there's a credit for wealth taxes paid elsewhere.
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OP is not confused, source below It scales down over 10 years after departure "For taxpayers who were subject to the Wealth Tax in one of the preceding 10 years, and are no longer residents of this state as residence is defined in Section 50310..." etc: https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=201920200AB2088 …
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