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

Jan 20, 2026 - Under current law, certain businesses may elect to operate as public benefit corporations. These entities are allowed to pursue a public benefit —defined as a material positive impact on society or the environment —alongside shareholder value.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

Artificial intelligence and child safety. [Ballot]

Jan 27, 2026 - State law limits how businesses may sell or share the personal information of minors. Specifically, businesses must obtain explicit consent before selling or sharing the personal information of minors under the age of 16.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-036

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

Jan 27, 2026 - Similarly, local governments tax owner s of boats and business equipment. Financial Assets Are Not Taxed. Many types of personal property are not taxed. One major type of personal property that is not taxed is financial assets like stocks.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-041

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

Jan 27, 2026 - These commonly include wages for temporary work performed i n the state, owner income from businesses based in the state, and capital gains from selling real estate they own in the state. Nonresidents pay about 5  percent of all state income taxes.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-039