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

Jan 27, 2026 - 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

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 - Taxes are a type of revenue that can be used to support any public purpose. Nearly all of the General Fund ’s revenues are taxes. Some funds, like special funds, are also funded with taxes. Most others are funded with other types of charges, largely fees.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-038

Special taxes. [Ballot]

Jan 27, 2026 - Taxes are a type of revenue that can be used to support any public purpose. Some state taxes are unrestricted, meaning that revenues raised by these taxes can be used to fund any program. In contrast, a special tax is a tax levied on a specific good (for example, tobacco or fuel) or activity (for example, waste disposal or energy use) to raise revenue for a specific state prog ram.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-040

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

Jan 20, 2026 - It also includes civil penalties for specific types of violations. These range from up to $25,000 per month for failing to file required reports to up to $20 million for “evasion ” of the measure ’s requirements.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-032