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

Jan 20, 2026 - The commission would also be required to conduct annual public competitions soliciting proposals for improved approaches to meeting these objectives and to evaluate company plans comparatively. In addition, t he commission would have authority to oversee certain corporate governance practices and material financial transactions, conduct audits and investigations,
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

Special taxes. [Ballot]

Jan 27, 2026 - The State Auditor is an independent and nonpartisan office in state government that evaluates state and local governments ’ financial and operational activities. The State Auditor ’s work includes financial and policy evaluations (also known as performance audits) where the auditor assesses the extent to which a governmental entity efficiently and effectively carries out requirements in law.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-040

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

Jan 20, 2026 - For example, federal law generally allows organizations that are set up and operate exclusively for specified purposes —such as religious, charitable, scientific, or educational purposes —to be eligible for this status.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-032

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

Jan 20, 2026 - The commission would consist of seven appointed members who must meet specified qualification requirements, such as demonstrated expertise in AI technology, AI safety, economics of technological change , or corporate governance.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-034

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

Jan 27, 2026 - California residents pay state income taxes on all their income, including wages, investment income, and capital gains, even if the income was earned outside the state. Nonresidents Pay Tax on California-Earned Income.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-039

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

Jan 27, 2026 - 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. Proposal No New Taxes on Financial Assets or Other Personal Property.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-041

Artificial intelligence and child safety. [Ballot]

Jan 27, 2026 - To the extent these changes affect company profits, investment decisions, or employment levels in California, state and local tax revenues could be affected. Summary of Major Fiscal Effects . We estimate that the measure would have the following major fiscal effects: Increased state regulatory and enforcement costs that would likely range from the millions to tens of millions of
https://lao.ca.gov/BallotAnalysis/Initiative/2025-036

Property tax rules for inherited property. [Ballot]

Jan 21, 2026 - Instead, they are based on the be nefits the property owner receives from specific public improvements or to fund specific public services. Proposal Exemption From Most Property Taxes for Homeowners Ages 60 or Older.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-035

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

Jan 27, 2026 - The General Fund is the state ’s main operating account and pays for most public services including education, health care, and prisons. The state budget also has other funds, many known as special funds.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-038