CA · Still figuring it out
California Prohibit New Taxes on Retirement Holdings, Personal Assets, and Savings and Limit Retroactive Taxes Initiative
California Prohibit New Taxes on Retirement Holdings, Personal Assets, and Savings and Limit Retroactive Taxes Initiative
No call yetNot a recommendation. The current record does not settle this case.
Current assessment
Prop. 42 bars new state personal-property and certain retroactive taxes; it is distinct from Prop. 41's spending-limit and audit proposal.
What still needs an answer
- Check interaction with Prop40 and scope of retroactivity protection.
Source check and limits
Official summary checks broad personal-property scope and January1,2026 nullification rule. It excludes real estate from that definition; broader property-tax policy remains parked.
Reference documents
Review dated 2026-09-30. Check current ballot status with your election office. Our principles · Research library