Proposition 39

Tax Treatment for Multistate Businesses
California Ballot Propositions - November 6th 2012

Prop. 39 would repeal an existing law that allows multistate businesses to choose a tax liability formula that provides favorable tax treatment for businesses with property and payroll outside California. It would require require multistate businesses to calculate their California income tax liability based on the percentage of their sales in California. Some of the increased revenues would be used to fund projects that create energy efficiency and clean energy jobs.

Official Election Results:

Yes: 7,384,417 [61.1%]
No: 4,701,563 [38.9%]

Details

Share |