October 13
This measure provides various state tax advantages to doctors, nurses, and other health professionals who provide health care to uninsured patients. The measure provides that, under specific conditions, certain doctors, other health professionals, and medical centers could avoid paying state income taxes on all, or a portion, of their income.
September 21
The proposed initiative amends current law to establish the concept of “equal custody,” in which the child’s time would be equally split between the parents. The initiative further amends current law to state that equal custody is in the best interest of the child, and should be provided to the greatest degree practicable.
September 2
The measure would (1) increase penalties for some sex offenses, (2) require certain sex offenders to wear global positioning system (GPS) devices for life after release from prison, (3) limit where registered sex offenders can live, and (4) make more offenders subject to commitment to state mental hospitals as Sexually Violent Predators (SVPs).
July 28
The measure would have the following major fiscal effects: ·Increased personal income taxes on high-income earners beginning in 2007, with revenues reaching approximately $2.4 billion annually in 2010-11. ·Revenues would support an entitlement to one year of preschool for four-year-olds beginning in 2010-11. Revenues in the early years of the program could be used for facilities, teacher training, student financial aid, and early implementation of preschool services.
July 20
The state levies a personal income tax (PIT) on the income of individuals and noncorporate businesses, such as sole proprietors and partnerships, doing business in California. The rates of the tax range from 1 percent to 9.3 percent, depending upon the taxpayer’s income level (with an extra 1 percent levied on taxpayers’ incomes greater than $1 million). The state also levies a corporation tax (CT) on the net earnings of corporations operating within California at the rate of 8.84 percent. Both the PIT and CT allow various deductions from income and credits against any tax owed. The state also levies an estate tax payable upon death, equal to the amount of the available state tax credit allowed under the federal estate tax (this credit is currently zero). Finally, residential and commercial property is subject to a general-purpose local ad valorem property tax rate of up to 1 percent annually.
July 15
This measure restricts corporations with stockholders from making political contributions (for candidates, ballot measures, issue advocacy, and other political activities) unless the stockholders authorize the contributions.