Oversight of certain public benefit artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - The measure would have the following major fiscal effects: Increased state costs that would likely be in the tens of millions of dollars annually to establish and operate a new regulatory commission overseeing certain public benefit AI com panies.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

Elections and the initiative process. [Ballot]

Mar 23, 2026 - The measure ’s new tax could have many effects on the state ’s economy. For example, some share of the between 4,000 and 9,000 taxpayers with annual incomes above $10  million likely would try to reduce the amount of their income in California to avoid paying more taxes.
https://lao.ca.gov/BallotAnalysis/Initiative/2026-001

Special taxes. [Ballot]

Jan 27, 2026 - The measure would require the State Auditor to conduct recurring financial and performance audits every four years of programs funded by special taxes created or increased by the Legislature or by voters after January 1, 2026.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-040

Artificial intelligence and child safety. [Ballot]

Jan 27, 2026 - These protections apply to information related to a minor ’s online activities, images, and other personal data. State Law Establishes Age Assurance Requirements. State law, effective January 1, 2027, establishes age assurance requirements in certain online settings where a user ’s age is relevant to legal compliance, such as restrictions on minors ’ access to certain content or services.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-036

Oversight of certain frontier artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - The commission would be authori zed to impose civil penalties, including fines of up to 20 percent of a company ’s California-derived revenue for certain violations. Certain executives may be held personally liable for certain knowing violations, subject to penalties of up to $1 million per violation.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-034

The applicability of tax increases to the state’s constitutional requirements. [Ballot]

Jan 27, 2026 - [Ballot] Pursuant to Election Code Section 9005, we have reviewed the proposed initiative regarding the applicability of tax increases to the state ’s constitutional requirements  (A.G. File No. 25-0038, Amendment #1).
https://lao.ca.gov/BallotAnalysis/Initiative/2025-038

Prohibit new taxes on financial assets and other personal property. [Ballot]

Jan 27, 2026 - File No. 25-00 41, Amendment #1). Background Certain Personal Property Is Taxed in California. Both the state and local governments tax owners of certain personal property based on the property ’s value.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-041

Oversight of certain nonprofit charities and related entities. [Ballot]

Jan 20, 2026 - To facilitate the new board ’s work, the measure requires covered entities to report certain information to it and/or DOJ. For example, entities would be required to report annually on their assets valued at more than $1 million.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-032

Residency rules for state personal income tax purposes. [Ballot]

Jan 27, 2026 - [Ballot] Pursuant to Elections Code Section 9005, we have reviewed the proposed initiative that would change the state ’s residency rules for state personal income tax purposes (A.G.  File  No.  25-0039, Amendment #1).
https://lao.ca.gov/BallotAnalysis/Initiative/2025-039

Property tax rules for inherited property. [Ballot]

Jan 21, 2026 - The measure ’s changes could affect counties ’ costs to do so. The net effect on county administrative costs is unclear but likely would not exceed the low tens of millions of dollars annually. Summary of Fiscal Effects.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-035