Title

Income Tax.

Attorney General No.

SA91RF0010

Secretary of State No.

538

Description

INCOME TAX. INITIATIVE STATUTE. Creates new state income tax bracket of 11 percent. Applies this bracket to income over $100,000.00 for individual taxpayers, to income over $200,000.00 for taxpayers filing joint returns, and to income over $136,115.00 for heads of household as defined. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: Increased personal income tax revenue to state government of $1.5 billion in 1992-93, and approximately $1.2 billion annually thereafter. One-time administrative cost to state government of unknown amount up to several millions of dollars.

Proponents

Lenny Goldberg California Tax Reform Association, 926 J Street, Suite 710, Sacramento, Ca 95814 (916) 446-4300

Date

7-15-1991

Document Type

Initiative

Qualified

Failed to Qualify

Recommended Citation

Income Tax. California Initiative 538 (1991).
https://repository.uclawsf.edu/ca_ballot_inits/703