New tax on the wealth of billionaires. [Ballot]

Dec 11, 2025 - Several of the wealthiest people in the world live in California. Wealth is the value of all the things a person has come to own over their lifetime. Wealth is different from incom e, which is how much a person earns in a set period of time, like one year.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-024

Proposition 3 [Ballot]

Nov 5, 2024 - Proposition 3 [Ballot] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only. The LAO is unable to guarantee the accuracy of this translation and is therefore not liable for any inaccurate information resulting from the translation application tool.
https://lao.ca.gov/BallotAnalysis/Proposition?number=3&year=2024