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

Jan 27, 2026 - This could make it somewhat harder for them to raise taxes. This could reduce f uture tax revenues. 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: Possibility that tax revenues will be lower in the future.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-041

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

Jan 20, 2026 - For example, California-based companies could make changes to their r esearch, development, or investment decisions in response to the measure ’s oversight and compliance requirements. If such changes affect company profits or employment levels in California, it would affect state and local tax revenues.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

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

Jan 20, 2026 - For example, California-based companies could make changes to their r esearch, development, or investment decisions in response to the measure ’s oversight and compliance requirements. If such changes affect company profits or employment levels in California, it would affect state and local tax revenues.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-034

Temporary tax increases. [Ballot]

Jan 27, 2026 - The measure would make short-term tax measures harder to pass. This has a chance of reducing future state revenues. When and by how much future revenues would be reduced is unclear . Summary of Major Fiscal Effects.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-037

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

Jan 20, 2026 - California-based companies could make changes to their operations in response to the measure ’s requirements. For example, the increased oversight could limit how covered entities use their assets or develop technology.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-032

Artificial intelligence and child safety. [Ballot]

Jan 27, 2026 - AI refers broadly to technologies that allow computer systems to perform tasks that typically require human intelligence, such as generating content, identifying patterns, or making predictions from data.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-036

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

Jan 27, 2026 - The measure requires all tax revenues raised, including those deposited into a special fund, to be counted toward the state’s minimum funding requirement for schools and community colleges (Amendment #1).
https://lao.ca.gov/BallotAnalysis/Initiative/2025-038

Special taxes. [Ballot]

Jan 27, 2026 - The measure would require one-time audits before special taxes appear on the ballot through the initiative process and require recurring audits of programs receiving funding from future special taxes (Amendment #1).
https://lao.ca.gov/BallotAnalysis/Initiative/2025-040

Property tax rules for inherited property. [Ballot]

Jan 21, 2026 - The measure amends the State Constitution to exempt most homeowners ages 60 or older from property taxes on their primary home.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-035