Initiative Update

Taxpayer Protection Act and Split-Rate Property Tax Hike Are Among Latest Initiatives Filed

The California Business Roundtable filed an initiative October 1 called the Taxpayer Protection Act – a proposal that would increase voters’ power over taxes by, among other things, requiring statewide voter approval for any tax increase approved by the Legislature and governor, and prohibiting state agencies from imposing taxes or tax-like regulations unless approved by the Legislature and the voters. The measure (Initiative 21-0026) also would end the “pay-to-play” requirement for litigating taxes in specified circumstances, and would require a…

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New Measures Propose Business Property Tax and Income Tax Increases

Two newly filed initiatives seek major tax increases – a property tax increase targeted at business property and an income tax increase on high earners – at a time when the state already is collecting a revenue windfall. Initiative 21-0023, filed September 23, would impose a 1.2 percent property tax “surcharge” on commercial, residential, industrial, and mixed-use real property – or vacant land – with “full cash value” of $5 million or more, and a lower amount on property valued…

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Initiative Update: New Attack on Proposition 13

The proponents of the split-roll initiative that qualified for the November 2020 ballot filed a new version (Initiative 19-0008) August 13 in an attempt to fix drafting errors and make the measure more appealing to voters – in part by allocating tax-hike revenue to some school districts that would not have received as much funding under the original version. In an interview, the proponents said they will not remove the original version from the ballot until the new version (also…

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