Property tax rules for inherited property. [Ballot]

Jan 21, 2026 - Over the first few years, sch ools and other local governments would lose between $12 billion and $20 billion annually. Over time, these revenue losses would grow by 5 to 10 percent per year. About half of the revenue losses would go to cities, counties, and special districts.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-035

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

Jan 20, 2026 - The commission would be authori zed to impose civil penalties, including fines of up to 20 percent of a company ’s California-derived revenue for certain violations. Certain executives may be held personally liable for certain knowing violations, subject to penalties of up to $1 million per violation.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-034

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

Jan 20, 2026 - 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. Penalties could be sought by the new board or DOJ and would be paid to the state.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-032