Article Source: CA Secretary of State

California Secretary of State Shirley N. Weber, Ph.D., Announces that a Proposed Initiative has Entered Circulation

Prohibits New State Personal Property Taxes and Certain Retroactive State Taxes. Initiative Constitutional Amendment.

Sacramento, Calif. – California Secretary of State Shirley N. Weber, Ph.D., announced that the proponent of a new initiative was cleared to begin collecting petition signatures on February 11, 2026.

The Attorney General prepares the legal title and summary that is required to appear on initiative petitions. When the official language is complete, the Attorney General forwards it to the proponent(s) and to the Secretary of State, and the initiative may be circulated for signatures. The Secretary of State then provides a calendar of deadlines to the proponent(s) and to county elections officials. The Attorney General’s official title and summary for the measure is as follows:

PROHIBITS NEW STATE PERSONAL PROPERTY TAXES AND CERTAIN RETROACTIVE STATE TAXES. INITIATIVE CONSTITUTIONAL AMENDMENT. Prohibits any new state tax that either (1) taxes the ownership or control of personal property (including retirement accounts, financial assets, investment accounts, business interests, and intellectual property), or (2) applies retroactively based on the taxpayer’s conduct, activities, or a status that occurred before the new tax’s effective date, with limited exceptions. Applies to taxes that are enacted or take effect on or after January 1, 2026, including taxes that appear on the same ballot as this measure. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: Possibility that tax revenues will be lower in the future. (25-0041A1.)

The Secretary of State’s tracking number for this measure is 2018 and the Attorney General's tracking number is 25-0041A1.

The proponent of the measure, Kurt R. Oneto, must collect signatures of 874,641 registered voters (eight percent of the total votes cast for governor in the November 2022 general election) in order for the measure to become eligible for the ballot. The proponent has 180 days to circulate petitions for the measure, meaning the signatures must be submitted to county elections officials no later than August 10, 2026. The proponent may be contacted at koneto@nmgovlaw.com and (916) 446-6752.



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