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.

Hide

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.

Hide

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.

Hide

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

Hide

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

Funding

Yes

RankContributor nameTotal
1THOMAS F. STEYER$29,580,000
2CALIFORNIANS FOR CLEAN ENERGY AND JOBS (cash on hand as of 1/1/2011)$1,143,227
3SERVICE EMPLOYEES INTERNATIONAL UNION$75,000
4CALIFORNIANS FOR CLEAN ENERGY JOBS, SPONSORED BY CALIFORNIA LEAGUE OF CONSERVATION VOTERS (cash on hand as of 1/1/2011)$72,784
5NATIONAL EDUCATION ASSOCIATION$60,025
94.3%
3.6%
0.2%
0.2%
0.2%
$31.4 million raised in total

No

44.4%
44.4%
11.1%
$45.0 thousand raised in total
RankContributor nameTotal
1GENERAL MOTORS$20,000
2KIMBERLY-CLARK CORPORATION$20,000
3INTERNATIONAL PAPER$5,000

Endorsements

News

Editorials

Yes

No

Campaign Advertisements

Yes

No

No information found. Have a suggestion? Let us know

If you are having difficulties with the site please let us know and check back soon.

MapLight Voter's Edge is the one-stop shop for nonpartisan voter information about California ballot measures. Our voter guide provides comprehensive, up-to-date information about the November 2012 propositions, all in one place, so that you can know what you're really voting for before you head to the polls.

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.