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

Jan 27, 2026 - An example is a tax on money someone earned two years ago. Fiscal Effect Possibility That Tax Revenues Will Be Lower in the Future. The measure restricts the options the state and local governments have to raise taxes in the future.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-041

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

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

Jan 27, 2026 - For example, drivers pay driver ’s license fees, and that money is used for state oversight of drivers and vehicles. Either Legislature or Voters Can Raise Taxes. Either the Legislature or voters can raise taxes and fees.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-038

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

Jan 20, 2026 - Reviewing protection plans required of regulated entities that address specified categories of potential harm, including workforce displacement, safety risks, and loss of human con trol, and issuing, modifying, or revoking annual certifications based on commission-identified demonstrated best practices.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-034

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

Jan 20, 2026 - If a member of the public wins their case, they may keep 25 percent to 50 percent of any civil penalties or other money awarded as well as attorney fees and costs. In contrast, an entity that wins would not be entitled to attorney fees and costs unless the court found the case had been filed unreasonably.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-032