California Billionaire Tax Act

California · California Billionaire Tax Act · Election: 2026-11

Plain-English Summary

This measure proposes a one-time 5% tax on the wealth of billionaires in California. The tax aims to fund state healthcare, education, and food assistance programs. It is one of the most contentious ballot initiatives in the state.

What each outcome does

IF YES PASSES

If the measure passes, California will implement a one-time 5% tax on the wealth of its billionaires. The revenue generated would be allocated to healthcare, education, and food assistance programs.

IF NO PASSES

If the measure fails, California will not implement the proposed one-time 5% tax on billionaires. The state will continue to fund its programs through existing revenue streams without this additional tax.

Who is funding each side

YES SIDE

Sponsor: Service Employees International Union-United Healthcare Workers West (SEIU-UHW)

Reported funding: Not yet reported

NO SIDE

Sponsor: California Business Roundtable, Building a Better California Super Pac, California Teachers Association, State Building and Construction Trades Council of California, California Medical Association, Planned Parenthood Affiliates of California

Reported funding: $82,000,000 (donated by Sergey Brin to Building a Better California Super Pac)

Read the official ballot text

https://www.theguardian.com/technology/2026/jun/25/california-billionaire-tax-ballot

BallotPulse is non-partisan. We summarize each outcome in plain English and disclose the money on both sides. We do not tell you how to vote. Always read the official ballot text and decide for yourself.