Attorney General File #: 2012-014
Robin Hood Tax
June 4, 2012
The measure imposes a 25 percent tax on the value of all oil and gas extracted in California or its state offshore waters that extend out three miles from the coastline. Oil and gas produced in federal waters would be exempt.
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The LAO and the Department of Finance jointly prepare an analysis of the fiscal impact of each initiative prior to it being circulated for signature gathering. Information in these letters is used by the Attorney General's Office to prepare the official "title and summary" for each measure.
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