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

Jan 20, 2026 - Whether this woul d occur is uncertain. Summary of Major Fiscal Effects. The measure would have the following major fiscal effects: Increased state costs that would likely be in the tens of millions of dollars annually to establish and operate a new regulatory commission overseeing certain public benefit AI com panies.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

Immunology and immunotherapy. [Ballot]

Dec 17, 2025 - Medical R &D. Approximately 65 percent of medical R &D funding in the United States comes from private industry. The federal government is the next largest contributor, accounting for about 25 percent of R &D funding.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-026

Contracting with attorneys. [Ballot]

Dec 17, 2025 - Specifically, it prohibits the state from d enying or interfering with “the right of any person to contract with an attorney of their choice to protect or vindicate their legal rights. ” This measure does not apply to any civil action in which the government appoints an attorney for someone or to any criminal case.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-027

New tax on the wealth of billionaires. [Ballot]

Dec 11, 2025 - These costs would be pai d from the new wealth tax revenues. Summary of Major Fiscal Effects. This measure would have the following major fiscal effects: Temporary increase in state revenues from a new tax on the wealth of billionaires.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-024

Research and development involving certain psychedelic substances (Amendment #1). [Ballot]

Sep 7, 2023 - R &D Is Funded by a Few Main Sources. Both the private and public sectors fund R &D. Private businesses collectively contribute the greatest amount toward R &D. In 2021, businesses collectively contributed nearly 75  percent of the estimated $792  billion in R &D funding nationally.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-013

State enforcement of the 22nd Amendment to the U.S. Constitution. [Ballot]

Dec 19, 2025 - Congress proposed the 22 nd Amendment in 1947 after the fourth presidential election of Franklin D. Roosevelt. Presidents elected since ratification of the 22 nd Amendment in 1951 have all served two or fewer terms.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-030

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

Jan 20, 2026 - Whether this woul d occur is uncertain. Summary of Major Fiscal Effects. The measure would have the following major fiscal effect: Increased state costs that would likely be in the tens of millions of dollars annually to establish and operate a new regulatory commission overseeing certain frontier AI companies .
https://lao.ca.gov/BallotAnalysis/Initiative/2025-034

Insurance regulation. [Ballot]

Nov 10, 2025 - Licensed Insurers that refuse to renew a home insurance policy or that reduce or eliminate coverage must provide the policyholder an explanation and any evidence used to make the d ecision. If there are changes that could be made to the home that would change the insurer ’s decision, the insurer must provide at least 90 days for the homeowner to make those changes.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-020

Personal income tax rates for high-income taxpayers. [Ballot]

Oct 20, 2025 - In a weak year, the measure might bring in aroun d $5  billion in revenue. In a strong year, the measure might bring in $15  billion in annual revenue. In most years, revenue brought in by the measure would be in between these amounts.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-016

Tribal gaming. [Ballot]

Dec 27, 2021 - This is because a federal court previously determined that the payments required by certain tribal-state com pacts into the state ’s General Fund for use at the state ’s discretion generally were an illegal tax prohibited under federal law.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-039