Prop. 39:Taxes for Multistate Businesses
Requires multistate businesses to calculate CA income tax based on the percentage of sales in CA.
Outcome: Passed
Summary
Requires multistate businesses to pay income taxes based on percentage of their sales in California. Dedicates revenues for five years to clean/efficient energy projects.
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Financial effect
Yes
Approximately $500 million in additional state General Fund revenues in 2012-13 and $1 billion each year thereafter from requiring a single sales factor formula for corporate taxes, with about half of the additional annual revenues from 2013-14 through 2017-18 supporting energy efficiency and alternative energy projects. Increased Proposition 98 minimum funding guarantee for K-14 schools of roughly $225 million annually from 2012-13 through 2017-18 and by roughly $500 million each year thereafter, as a result of additional state General Fund revenues.
No
No change from status quo.
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Campaign arguments
Yes
YES on 39 CLOSES UNFAIR TAX LOOPHOLE letting OUT-OF-STATE CORPORATIONS avoid taxes by keeping jobs out of California. Closing the loophole protects local jobs and provides $1 BILLION to California. Funds used for job-creating energy efficiency projects at schools and for deficit reduction. YES on 39—CLOSE THE LOOPHOLE.
No
Proposition 39 is a massive $1 billion tax increase on California job creators that employ tens of thousands of middle class workers. It’s a recipe for waste and corruption, giving Sacramento politicians a blank check to spend billions without real accountability. California is billions in debt; 39 makes it worse.
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Campaign information
Yes
Yes on 39—Californians to Close
the Out-of-State Corporate Tax
Loophole
www.cleanenergyjobsact.com
No
California Manufacturers &
Technology Association
1115 11th Street
Sacramento, CA 95814
info@Stop39.com
www.Stop39.com
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Additional information
Prop. 39 Full textClick here to view.
Measure TypeInitiated state statute
Date Qualified06/20/2012
ProponentJoseph Caves
Signatures by CountyClick here to view.
Signatures Required504,760
Source: California Secretary of State
Funding
Yes
| Rank | Contributor name | Total |
|---|---|---|
| 1 | THOMAS F. STEYER | $29,580,000 |
| 2 | CALIFORNIANS FOR CLEAN ENERGY AND JOBS (cash on hand as of 1/1/2011) | $1,143,227 |
| 3 | SERVICE EMPLOYEES INTERNATIONAL UNION | $75,000 |
| 4 | CALIFORNIANS FOR CLEAN ENERGY JOBS, SPONSORED BY CALIFORNIA LEAGUE OF CONSERVATION VOTERS (cash on hand as of 1/1/2011) | $72,784 |
| 5 | NATIONAL EDUCATION ASSOCIATION | $60,025 |
94.3%
3.6%
0.2%
0.2%
0.2%
$31.4 million raised in total
Last updated: 11/6/2012
More...No
44.4%
44.4%
11.1%
$45.0 thousand raised in total
| Rank | Contributor name | Total |
|---|---|---|
| 1 | GENERAL MOTORS | $20,000 |
| 2 | KIMBERLY-CLARK CORPORATION | $20,000 |
| 3 | INTERNATIONAL PAPER | $5,000 |
Last updated: 11/6/2012
More...Source: MapLight analysis of campaign contribution data from Secretary of State – Cal–Access.
Last updated: 11/6/2012
Note: Some ballot measure campaign committees are supporting or opposing more than one proposition, so the total amounts raised by those committees are reflected on multiple propositions. For this reason, adding contributions across propositions will double-count certain contributions. Please contact MapLight for further details.
Endorsements
Due to the high number of endorsements for each campaign, MapLight only publishes endorsements from organizations and not from individuals. For a full list of endorsements, please visit the campaign website.
News
- Christian Monitor California Proposition 39 Results in $2.5 Billion for Energy Efficiency Nov. 8, 2012
Last updated: 11/8/2012
Editorials
Yes
- Huffington Post David Foster, Executive Director, BlueGreen Alliance: Op-Ed: Why California's Union Members Should Support Proposition 39 Nov. 5, 2012
- Fox & Hounds Joe Mathews, Journalist; Irvine Senior Fellow, New America Foundation; Fellow, Center for Social Cohesion, Arizona State University; Co-Author, California Crackup: How Reform Broke the Golden State: Op-Ed: 11 Awesome Props: Proposition 39 Nov. 2, 2012
No
- OC Register Troy Senik, Senior Fellow, Center for Individual Freedom: Op-Ed: Troy Senik: Prop. 39 a De Facto Tax on Doing Business in California Oct. 26, 2012
- North County Times Jack M. Stewart: Op-Ed: Prop. 39 – No: Measure Hurts Local, State Manufacturing Oct. 25, 2012
Last updated: 11/9/2012
