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

Property tax rules for inherited property. [Ballot]

Jan 21, 2026 - These charges are not based on the taxable value of the property. Instead, they are based on the be nefits the property owner receives from specific public improvements or to fund specific public services.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-035

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

Jan 20, 2026 - Initial registration fees are tiered based on a company ’s California-derived revenue. Annual assessments are based on up to 0.5 percent of California-derived revenue or, in some cases, on California AI research and development expendit ures.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-034

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

Jan 27, 2026 - This is because the state would collect taxes based on all their income and not just their California-earned income. This would result in increased state income tax revenues of an unknown amount. Overall Fiscal Effect Unknown.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-039

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

Jan 27, 2026 - Both the state and local governments tax owners of certain personal property based on the property ’s value. Personal property is all the things that people own other than real estate. For example, the state taxes owners of cars and trucks.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-041

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

Jan 27, 2026 - This minimum is based, in part, on General Fund taxes. If the Legislature or voters raise new taxes, and deposit their proceeds into the General Fund, a share must be spent on schools and community colleges.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-038

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

Jan 20, 2026 - The measure also authorizes the new oversight board to charge each entity an annual fee based on the value of its assets. The exact fee amounts would vary but is intended to fund the new board ’s activities.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-032

Artificial intelligence and child safety. [Ballot]

Jan 27, 2026 - Under this law, certain operating system providers and application stores must provide age-range signals —information indicating a user ’s general age category (for example, under 13, 13-17, or 18+) —that application developers can use to apply age-based requirements.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-036