California Online Voter Guide
November 2012 General Election
22nd edition
Proposition 39 - Tax treatment for multistate businesses. Clean energy and energy efficiency funding. Passed
Initiative Statute
- Official Summary
- Official Voter Guide page
- Campaign Web Sites and Contact Information
- Who Signed the Ballot Arguments
- Media Coverage
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Requires multistate businesses to pay income taxes based on percentage of their sales in California. Dedicates revenues for five years to clean/efficient energy projects.
Fiscal Impact:
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Increased state revenues of $1 billion annually, with half of the revenues over the next five years spent on energy efficiency projects. Of the remaining revenues, a significant portion likely would be spent on schools.
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.
This page features the Legislative Analyst's analysis, pro-con arguments and the full proposition text.
Campaign Web Sites and Contact Information
- Yes on Proposition 39
Yes on 39—Californians to Close
the Out-of-State Corporate Tax Loophole
www.cleanenergyjobsact.com - No on Proposition 39
California Manufacturers &
Technology Association
1115 11th Street
Sacramento, CA 95814
info@Stop39.com
www.Stop39.com
Who Signed the Ballot Arguments
- Yes on Proposition 39
Jane Warner, President, American Lung Association in California
Tom Steyer, Chairman, Californians for Clean Energy and Jobs
Mary Leslie, President, Los Angeles Business Council
Alan Joseph Bankman, Professor of Tax Law, Stanford Law School
Ruben Guerra, CEO, Latin Business Association
Jane Skeeter, California Small Business Owner - No on Proposition 39
Jack Stewart, President, California Manufacturers & Technology Association
Lew Uhler, President, National Tax Limitation Committee
Pat Fong Kushida, President, California Asian Pacific Chamber of Commerce
Mike Spence, President, California Taxpayer Protection Committee
Robert Ming, Chairman, Friends for Saving California Jobs
Jack Stewart, President, California Manufacturers & Technology Association
Media Coverage
News articles and editorials are available from Maplight. excerpts from and links to news coverage of the propositions on the ballot.
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
Copyright California Voter Foundation, All Rights Reserved.
