Statewide ballot measure · Tuesday, November 3, 2026

Proposition 42: Prohibits New State Personal Property Taxes and Certain Retroactive State Taxes. Initiative Constitutional Amendment.

Prohibits any new state tax (1) imposed on the ownership of personal property (all things people own other than real estate), or (2) that applies retroactively based on taxpayer’s past activities. Nullifies taxes enacted after January 1, 2026 that conflict with this measure. Fiscal Impact: Possibility that tax revenues will not go up as much in the future.

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What a vote means

A yes vote: A YES vote on this measure means: The state could not establish new taxes on the ownership of financial assets or other personal property.
A no vote: A NO vote on this measure means: The state would continue to have the option to establish new taxes on the ownership of financial assets or other personal property.

Sources

Measure summary

Official Voter Information Guide, Proposition 42 (California Secretary of State, Public record)

What's included: U.S. Senate and House, statewide offices, state legislative races (shown in the app once you enter your address) and statewide ballot measures.

Local races (county, city, school board, judges) and anything else on your ballot are on your official sample ballot: voterstatus.sos.ca.gov.

Candidate lists as of Wednesday, October 14, 2026.

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