Proposition 24

Eliminates three business tax provisions

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Three business tax provisions would return to what they were before 2008 and 2009 law changes. Businesses would be less able to deduct losses in one year against income in other years, multi-state businesses would have their California income determined differently, and businesses would not be able to share tax credits with related businesses.

Official Election Results:

Yes: 3,947,502 [41.9%]
No: 5,470,477 [58.5%]

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