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California Online Voter Guide

November 2012 General Election
22nd edition

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Proposition 39 - Tax treatment for multistate businesses. Clean energy and energy efficiency funding. Passed

Initiative Statute

Official Summary:

Fiscal Impact:

What a Yes or No Vote Means

A YES vote on this measure means: Multistate businesses would no longer be able to choose the method for determining their state taxable income that is most advantageous for them. Some multistate businesses would have to pay more corporate income taxes due to this change. About half of this increased tax revenue over the next five years would be used to support energy efficiency and alternative energy projects.

A NO vote on this measure means: Most multistate businesses would continue to be able to choose one of two methods to determine their California taxable income.

Official Voter Guide page

This page features the Legislative Analyst's analysis, pro-con arguments and the full proposition text.

Campaign Web Sites and Contact Information

Who Signed the Ballot Arguments

Media Coverage

News articles and editorials are available from Maplight. excerpts from and links to news coverage of the propositions on the ballot.

Follow the Money

A list of top donors for and against this measure is avaialble from Maplight. A list of all donations of $10,000 or more is available from the Fair Political Practices Commission. Comprehensive disclosure data is avaialbe from the Secretary of State.

 

This page was first published on October 1, 2012 | Last updated on June 8, 2013
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