Attorney General No.
Secretary of State No.
Imposes additional, annual taxes on California residents who receive income in excess of $40,000 from pension distributions, social security, and the cash value of health care benefits. May impose a one-time, additional tax on non-California residents whose pension benefits exceed $50,000 in a year, and who earned income in California. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local government: Annual state revenue increases of up to $6 billion to $8 billion beginning in 2010 from new taxes on pension benefits. Revenues likely would decline over time due to changes in behavior.
Failed to Qualify
TAX ON PENSION DISTRIBUTIONS AND HEALTH CARE BENEFITS. INITIATIVE STATUTE. California Initiative 1360 (2009).