Special taxes. [Ballot]

Jan 27, 2026 - The degree to which this would occur depends on future decisions and are not known. Summary of Fiscal Impacts. We estimate that the measure would have the following fiscal effects: Unknown Fiscal Effect.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-040

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

Jan 27, 2026 - The measure limits the situations in which a ballot measure or the Legislature can raise a tax retroactively. A retroactive tax is one that applies to things that happened in the past. An example is a tax on money someone earned two years ago.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-041

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

Jan 20, 2026 - The magnitude of these effects would depend on several unknown factors, including how many entities are regulated under the measure, how the commission implements its authority, how regulated entities respond to the measure ’s requirements, and the extent to which provisions of the measure are upheld under state and federal law.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-034

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

Jan 20, 2026 - The magnitude of these effects would depend on several unknown factors, including how many entities are regulated under the measure, how the commission implements its authority, how regulated entities respond to the measure ’s requirements, and the extent to which provisions of the measure are upheld under state and federal law.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

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

Jan 20, 2026 - The measure also specifically requires the new board take certain actions, including the following: Creating and maintaining a public database of covered entities as well as information filed by them with the board; Issuing certifications that entities comply with the requirements of this measure and the board as well as any requirements in agreements —referred to as “conversion agreements ”
https://lao.ca.gov/BallotAnalysis/Initiative/2025-032