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Repeals AB 32 until unemployment is below 5.5% for four consecutive quarters. 24: Failed Repeals recent legislation (tax breaks) that would allow businesses to carry back losses, share tax credits, and use a sales-based income calculation to lower taxable income. 25: Passed
Legalizing medical marijuana under California law. Proposition 218 (1996) Passed: Right to vote on local taxes; assessment and property-related fee reforms; initiative power expansion in regard to local revenue reduction or repeal. Constitutional follow-up to Proposition 13 (1978). Proposition 22 (2000) Passed, then declared unconstitutional
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File:2020 California Proposition 13 results map by county.svg. Add languages. Page contents not supported in other languages.
The primary differences between Proposition 19 and the 2019 initiative measure withdrawn by the California Association of Realtors are that Proposition 19 excluded the expanded business entity ownership provisions that would have resulted in commercial property reassessment under Proposition 13 (to appease major business interests who did not ...
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The Legislature could close this loophole with a 2/3 vote. [53]: 5 In 2018, the California Board of Equalization estimated that closing this loophole would raise up to $269 million annually in new tax revenue. [54] There have been several legislative attempts to close the loophole, none of which have been successful.