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

Elections and the initiative process. [Ballot]

Mar 23, 2026 - The measure specifies how revenues generated from this tax would be used. Specifically, the measure would require that first, $40  million of the revenue collected be transferred to the General Fund each year.
https://lao.ca.gov/BallotAnalysis/Initiative/2026-001

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

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

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

The government plan of California. [Ballot]

Mar 31, 2026 - Given the considerable uncertainties around how the new governance structure would operate, the full scope of the changes th is measure would put in place is highly uncertain. As required by Section 9005, we are informing you that it is our opinion that the measure could result, if it went forward, in substantial net changes in state and local finances.
https://lao.ca.gov/BallotAnalysis/Initiative/2026-003

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 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

Special taxes. [Ballot]

Jan 27, 2026 - The measure would require these audits to (1) evaluate each program that would receive funding from the special tax contained in the proposed initiative and (2) address specific issues identified by the measure including assessing the efficiency of the program and recommending how the audited program could reduce its annual costs by 10 percent.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-040

Temporary tax increases. [Ballot]

Jan 27, 2026 - When and by how much future revenues would be reduced is unclear . Summary of Major Fiscal Effects. This measure would have the following major fiscal effects: Some chance that state revenues will be lower in the future.    
https://lao.ca.gov/BallotAnalysis/Initiative/2025-037