The long-form ballot summary was as follows: “Įxtends by twelve years the temporary personal income tax increases enacted in 2012 on earnings over $250,000 (for single filers over $500,000 for joint filers over $340,000 for heads of household). Tax Extension to Fund Education and Healthcare. The official ballot title was as follows: “ The California Democratic Party supported the measure, and the California Republican Party opposed it. An average of polls showed support for Proposition 55 around 55 percent prior to the election. Yes on 55 received $58.7 million, with the two largest contributions coming from the California Hospitals Committee on Issues and California Teachers Association/Issues PAC. State of the ballot measure campaigns See also: Campaign finance for Proposition 55 Income tax rates under Propositions 30 and 55 This works out to a tax increase of $370 for this person."īelow is a table detailing tax brackets under Proposition 30 and Proposition 55. For example, if this measure passes, a single person with taxable income of $300,000 would pay an extra 1 percent on their income between $263,000 and $300,000. The Official Voter Information Guide provided an example: "The amount of increased taxes paid by high-income taxpayers would depend upon their taxable income. In California, the income tax bracket applies to a filer's portion of income within that bracket. The tax increase impacted the 1.5 percent of Californians with a single income filing of at least $263,000 or a joint income filing of at least $526,000. Proposition 55 continued the tax rates instituted by Proposition 30 through 2030. Proposition 30 raised about $6 billion per year since it was approved in 2012.
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Without extension through approval of Proposition 55 or another like it, the income tax approved under Proposition 30 was designed to be phased out starting in 2018.
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The measure also had a sales tax component that Proposition 55 did not extend. 2.3 State of the ballot measure campaignsĮlection results from California Secretary of State Overview Proposition 30 See also: California Proposition 30, Sales and Income Tax Increase (2012)Īn income tax was approved in 2012 under Proposition 30.It was also designed to allocate an additional $2 billion in certain years to Medi-Cal and other health programs.
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The measure was designed to allocate about 89 percent of revenue from the tax increase to K-12 schools and 11 percent to state community colleges. It was approved.Ī "yes" vote supported extending the personal income tax increases on incomes over $250,000 approved in 2012 for 12 years in order to fund education and healthcare.Ī "no" vote opposed extending the personal income tax increases on incomes over $250,000 approved in 2012 for 12 years, allowing the tax increase to expire in 2019. The California Extension of the Proposition 30 Income Tax Increase Initiative, also known as Proposition 55, was on the November 8, 2016, ballot in California as an initiated constitutional amendment.