PROPOSITION 40 IMPOSES ONE-TIME TAX ON CERTAIN INDIVIDUALS AND TRUSTS
On the ballot CA · 2026-11-03
In plain English
This ballot measure would create a one-time tax that applies to certain individuals and trusts. The tax would be imposed only once, not every year.
If this passes
What would actually change. No predictions, no opinions.
- A one-time tax would be imposed on specific individuals and trusts
- This tax would apply only one time, not repeatedly
- The exact people and trusts affected would be determined by the tax rules in the measure
Who's funding each side
Supporting (Yes)
,
Top donor
No itemized donors on file.
Opposing (No)
$10.6M
Top donors
Chris Larsen$5.0M
Ripple Labs$5.0M
California Business Roundtable Issues Pac$215K
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Sources
- Measure text and title: official ballot materials.
- Committee finance: campaign disclosure filings (Forms 460 & 497) filed with the California Secretary of State (Cal-Access).
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