Accounting Today

California voters poised to reject first-ever billionaire tax

Proposition 40 would impose a one-time 5% tax on the wealth of billionaires who were California residents at the start of 2026, with most of the proceeds earmarked to shore up healthcare.

By Accounting Today

1 min read
California voters poised to reject first-ever billionaire tax
AI-generated illustration

Got news to share with the events industry?

Submit a press release or story tip and reach thousands of event professionals.

Get in touch→

More in Accounting & Tax

Related Insights