Everything you need to know about Props 41 and 42, designed to cancel out billionaire tax

Source ABC Local
Original Load Date Oct. 24, 2026, 3 p.m.
Last Updated Oct. 24, 2026, 3 p.m.
Original URL https://abc7.com/post/everything-need-know-props-41-42-designed-cancel-californias-billionaire-tax/19938087/

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Proposition 40, known as the [ California billionaire tax ][7] , is polarizing, and to fight it two other propositions have been placed on the ballot. Prop. 41 would require audits of new tax programs and Prop. 42 prohibits new state personal property taxes and certain retroactive state taxes. If ...