Immunology and immunotherapy. [Ballot]

Dec 17, 2025 - Uncertain Amount of Revenue Resulting From Discoveries. The state could receive revenue generated by the R &D funded by the measure. The amount of revenue is uncertain but could be significant. The amount would depend on how many funded projects successfully progress through the R &D process, generate new treatments, and reach the market.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-026

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

Oct 20, 2025 - For example, a married couple pays a 1  percent tax on the first $21,000 of income, a 2  percent tax on income between $21,000 and $50,000, and a 4  percent tax on income between $50,000 and $80,000.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-016

Restrictions on certain oil drilling permits (Amendment #1). [Ballot]

Sep 21, 2023 - Other local revenue sources that also could d ecline as a result of reduced oil extraction include royalty agreements that some local governments have with oil businesses (such as the City of Long Beach), sales taxes, and cert ain other local taxes and fees for oil extraction activities.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-014

Cannabis and certain psychedelic drugs. [Ballot]

Dec 18, 2023 - For example, possession is generally punishable as a misdemeanor and may result in up to a one-year sentence in county jail and/or a fine, while sale is a felony and may result in a jail or state prison sentence.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-032

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

Sep 7, 2023 - R &D Often Involves Intellectual Property Agreements. These agreements establish who owns and controls any new resulting research discoveries, such as a new drug. If a new drug emerges from the R &D process and is approved by the FDA, the creators can seek to patent (or own) it.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-013

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

Jan 20, 2026 - In addition, certain willful misconduct —such as unauthorized expansion of AI capabilities or obstruction of investigations —would be punishable as a felony, with potential imprisonment of up to five years and fines of up to $10 million, or an amount equal to twice the financial gains resulting from the misconduct.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

Housing affordability and property taxes. [Ballot]

Nov 29, 2021 - Fiscal Effects Increased Revenue Resulting From Property Tax Surcharge.  Most owners of property with a taxable value of more than $4  million would pay higher property taxes due to the property tax surcharge.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-032

Drug crimes. [Ballot]

Oct 25, 2023 - For example, people who receive five years in prison (such as because they were previously convicted of a sex crime) for selling fentanyl under current law could instea d receive up to 12 years for selling fentanyl resulting in death under the measure.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-023

Contracting with attorneys. [Ballot]

Dec 17, 2025 - However, it is possible that there could be future fiscal impacts on state and local governments as a result of the limit on making changes to people ’s ability to contract with attorneys. The impact of this is unknown.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-027

Insurance regulation. [Ballot]

Nov 10, 2025 - This has resulted in more homeowners obtaining insurance from the FAIR Plan, California ’s “insurer of last resort. ” Existing Regulations Require Insurers to Provide Discounts for Some Mitigation Factors.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-020